Disposal

Graphite Enterprise Trust PLC
01 April 2005



                         ANNOUNCEMENT TO STOCK EXCHANGE

                         GRAPHITE ENTERPRISE TRUST PLC



                                  1 April 2005


Graphite Enterprise Trust PLC (the 'Enterprise Trust') has disposed of its
investment in Ridgmont for cash proceeds of £9.4 million.  The effect of this
sale, taken in isolation, is to increase the Enterprise Trust's net asset value
per share by 4.9p, all of which is attributable to the capital account.



On 16 March 2005 the Enterprise Trust announced that its net asset value per
share as at 31 December 2004 was 320.6p, of which the investment in Ridgmont
accounted for 4.5p.



The Board reviews the valuation of the portfolio quarterly and expects to
announce the Enterprise Trust's net asset value per share as at 31 March 2005 on
18 May 2005.  The net asset value at 31 March 2005 will include the increase as
a result of the sale of Ridgmont.




                      This information is provided by RNS
            The company news service from the London Stock Exchange