Holding in Company

Graphite Enterprise Trust PLC
20 August 2002



Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
GRAPHITE ENTERPRISE TRUST PLC

2   Name of shareholder having a major interest:
AXA S.A.

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:
Beneficial - 3,481,306
Non-beneficial - 1,328

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
HSBC Global Custody Nominee (UK) Limited A/C 845315 - 1,328
HSBC Global Custody Nominee (UK) Limited A/C 776934 - 1,097,980
AXA Sun Life plc - 2,383,326

5   Number of shares/amount of stock acquired:


6   Percentage of issued class:


7   Number of shares/amount of stock disposed:


8   Percentage of issued class:


9   Class of security:
ORDINARY

10  Date of transaction:
NOT DISCLOSED

11  Date company informed:
15 AUGUST 2002

12  Total holding following this notification:
3,482,634

13  Total percentage holding of issued class following this notification:
3.77%

14  Contact name for queries:
AMANDA CURTIS

15 Contact telephone number:
020 7825 5300

16  Name of company official responsible for making notification:
AMANDA CURTIS

17  Date of notification:
20 AUGUST 2002





Additional Information:




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