Transaction in Own Shares

Graphite Enterprise Trust PLC
08 December 2006




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: 8 December 2006

Number of shares purchased: 150,000

Highest and lowest price paid per share (excluding expenses): 389.93p

Shares in issue following this buy-back will be: 82,866,155

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: 8 December 2006


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