FINAL DISPOSAL OF FTSE OPTION

Graphite Enterprise Trust PLC
24 January 2008

                         ANNOUNCEMENT TO STOCK EXCHANGE
                         GRAPHITE ENTERPRISE TRUST PLC
                                24 JANUARY 2008

                         FINAL DISPOSAL OF FTSE OPTION


Graphite Enterprise Trust PLC (the 'Company') announces that it has today sold
the remaining 37.5% of the FTSE 100 call option ('the Option') which was
acquired in October 2005.

The proceeds of today's disposal were £7.7 million.  Total proceeds over the
life of the Option were £29.0 million representing 2.1 times its cost of £14.0
million.


For further information please contact:

William Eccles              020 7825 5300
Tim Spence                  020 7825 5300




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