Transaction in Own Shares

Graphite Enterprise Trust PLC
24 October 2007




The Board of Graphite Enterprise Trust PLC announces that it has bought back
some of its own shares. The details are set out below:





Date of purchase: 23 October 2007



Number of shares purchased: 28,500



Highest and lowest price paid per share (excluding expenses): 467.39p



Shares in issue following this buy-back will be: 76,460,218



Name and telephone number of contact for queries:



Tim Spence - 020 7825 5300



Name of authorised company official responsible for making this announcement:



Martin Crayton, for and behalf of Graphite Capital Management LLP, Secretary



Date of notification: 24 October 2007








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