Disposal

Graphite Enterprise Trust PLC
12 July 2005

                         ANNOUNCEMENT TO STOCK EXCHANGE

                         GRAPHITE ENTERPRISE TRUST PLC

                                  12 July 2005


On 17 June 2005 Graphite Enterprise Trust PLC announced that it had exchanged
contracts for the disposal of part of its investment in Wagamama.  The proceeds
from the disposal have now been received.




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