Transaction in Own Shares

Graphite Enterprise Trust PLC
24 October 2005




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: 24 October 2005


Number of shares purchased: 375,000

Highest and lowest price paid per share (excluding expenses): 330.5p


Shares in issue following this buy-back will be: 85,275,000


Name and telephone number of contact for queries:


Martin Crayton - 020 7825 5300


Name of authorised company official responsible for making this announcement:


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


Date of notification: 24 October 2005



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