Trading Statement

Graphite Enterprise Trust PLC
24 May 2007


                         ANNOUNCEMENT TO STOCK EXCHANGE

                         GRAPHITE ENTERPRISE TRUST PLC

                                  24 May 2007


As previously announced on 3 May 2007, the net asset value per share of Graphite
Enterprise Trust PLC as at 31 March 2007 was 465.6p.  This was after deducting
the dividend declared in March of 6.5p per share.  In the three months to 31
March 2007 the net asset value per share rose by 2.4% compared with a rise of
1.9% in the FTSE All-Share Index.

The Board today announces the further information below:

Summary balance sheet at 31 March 2007            £m        % of total assets
Investment portfolio                           231.7              60.5%
FTSE 100 Call Option                            31.4               8.2%
Total portfolio                                263.1              68.7%
Net current assets                             119.9              31.3%
Total assets                                   383.0             100.0%


In the three months to 31 March 2007, the Company made additions to the
investment portfolio of £21.0 million, received proceeds from disposals of £7.9
million and made new commitments to funds of £13.6 million. At 31 March 2007 the
Company had total outstanding commitments of £191.5 million.  After deducting
net current assets of £119.9 million the overcommitment was £71.6 million,
representing 18.7% of total assets.  Since that date, the Company has made
further new commitments to funds of £49.0 million.


                      This information is provided by RNS
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