Directorate Change

Graphite Enterprise Trust PLC
27 March 2008


                         ANNOUNCEMENT TO STOCK EXCHANGE

                         GRAPHITE ENTERPRISE TRUST PLC

                                27 MARCH 2008

Graphite Enterprise Trust PLC announces the appointment of Jeremy Tigue as a
non-executive director with immediate effect.

Mr Tigue is the fund manager of Foreign & Colonial Investment Trust plc and a
deputy chairman of the Association of Investment Companies.  He is the Head of
Global Equities at F&C Management, which he joined in 1981.

No disclosures relating to Mr Tigue's appointment are required to be made under
Listing Rule 9.6.13.


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