Holding(s) in Company

Graphite Enterprise Trust PLC
23 May 2007


TR-1:               notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing        Graphite Enterprise Trust PLC
shares to which voting rights are attached:

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                                                       X

An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

3. Full name of person(s) subject to the notification             Mr John Richard Sclater (Chairman and
obligation:                                                                   proxy holder)

4. Full name of shareholder(s) (if different from 3.):

5. Date of the transaction (and date on which the threshold is                 22/05/2007
crossed or reached if different):

6. Date on which issuer notified:                                              23/05/2007

7. Threshold(s) that is/are crossed or reached:                                    31%


8. Notified details:


A: Voting rights attached to shares
Class/type of   Situation previous to   Resulting situation after the triggering tran/saction
shares          the Triggering
                transaction
 if possible    Number of   Number of   Number of    Number of voting rights   % of voting rights
using the ISIN  Shares      Voting      shares
CODE                        Rights      Direct       Direct       Indirect     Direct       Indirect
Ord GBP         2,747       2,747       2,747        25,444,238   -            31.16%       -

0.10


B: Financial Instruments,
Resulting situation after the triggering transaction
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument                           Period/ Date              that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)
Number of voting rights                            % of voting rights


                    25,444,238                                             31.59%



9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable :


Proxy Voting:


10. Name of the proxy holder:                                             Mr John Richard Sclater

11. Number of voting rights proxy holder will cease to hold:                     25,444,238

12. Date on which proxy holder will cease to hold voting rights:    Annual General Meeting to be held on
                                                                      24/05/2007 or at any adjournment
                                                                                  thereof


                                          This notification relates to voting rights held by John
                                          Richard Sclater (Chairman of Graphite Enterprise Trust PLC)
13. Additional information                pursuant to proxies received for the purpose of the AGM to
                                          be held on 24 May 2007. The voting rights will lapse
                                          immediately upon the conclusion of the meeting, or at any
                                          adjournment thereof, and voting rights returned to all
                                          shareholders.

                                          Note that a separate announcement has been made in respect
                                          of voting rights at the Extraordinary General Meeting
                                          immediately following this meeting.

                                          This notification has been made using the total voting
                                          rights figure of 80,535,718

14. Contact name:                         Tim Spence

15. Contact telephone number:             020 7825 5358



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