Electra Private Equity PLC is a United Kingdom-based company that carries on business as an investment trust. The Company’s investment objective is to achieve a rate of return on equity over the long term by investing in a portfolio of private equity assets. During the fiscal year ended September 30, 2008, its investment portfolio included investment in basic industries, information technology, financials, general industries, cyclical consumer goods, non-cyclical consumer goods, cyclical services, utilities and non-cyclical services. Its investment portfolio is managed by Electra Partners LLP. At September 30, 2008, it had direct investments in 66 companies and investments in 32 private equity funds. Excluding investments in funds, approximately 40% of the value of the investment portfolio was derived from United Kingdom operations, 33% from Continental Europe, 11% from the United States and 16% from Asia.