Holding(s) in Company

Graphite Enterprise Trust PLC
07 May 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


Graphite Enterprise Trust PLC



2. Name of shareholder having a major interest


Legal & General Group Plc



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


As 2 above



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


HSBC Global Custody Nominee (UK) Ltd A/C 914945 - 43,799

HSBC Global Custody Nominee (UK) Ltd A/C 775245 - 200,000

HSBC Global Custody Nominee (UK) Ltd A/C 357206 - 2,156,147

HSBC Global Custody Nominee (UK) Ltd A/C 747381 - 183,240

HSBC Global Custody Nominee (UK) Ltd A/C 866203 - 127,783

HSBC Global Custody Nominee (UK) Ltd A/C 360509 - 89,000





5. Number of shares / amount of stock acquired


95,000



6. Percentage of issued class


0.1%



7. Number of shares / amount of stock disposed






8. Percentage of issued class






9. Class of security


Ordinary



10. Date of transaction


2 May 2003






11. Date company informed


7 May 2003



12. Total holding following this notification


2,799,969



13. Total percentage holding of issued class following this notification


3.08%



14. Any additional information






15. Name of contact and telephone number for queries


Amanda Curtis - 020 7825 5300



16. Name and signature of authorised company official responsible for making
this notification


Amanda Curtis



Date of notification


7 May 2003



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