Transaction in Own Shares

Graphite Enterprise Trust PLC
19 November 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: 19 November 2007


Number of shares purchased: 170,000


Highest and lowest price paid per share (excluding expenses): 463.25p


Shares in issue following this buy-back will be: 76,290,218


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: 19 November 2007


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