Director/PDMR Shareholding

Graphite Enterprise Trust PLC
21 September 2006

                 GRAPHITE ENTERPRISE TRUST PLC (the 'Company')



          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS





The Company has been advised that on 21 September 2006, Mr M W Fane, a Director
of the Company, bought 5,250 ordinary shares in the Company at a price of
365.75p per share, representing 0.006% of the Company's issued share capital.



Following this purchase, Mr Fane has a total interest of 19,250 shares in the
Company representing 0.023% of the Company's issued share capital.



For further information, contact Tim Spence on 020 7825 5300.




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