Part disposal of FTSE option

Graphite Enterprise Trust PLC
04 December 2007

                         ANNOUNCEMENT TO STOCK EXCHANGE

                         GRAPHITE ENTERPRISE TRUST PLC

                                4 DECEMBER 2007



                          PART DISPOSAL OF FTSE OPTION



Graphite Enterprise Trust PLC (the 'Company') announces that it has today sold a
further 12.5% of the FTSE 100 call option ('the Option') which was acquired in
October 2005.  A total of 62.5% of the option has now been sold.

The proceeds of the disposal were £4.0 million.  Total cash proceeds to date are
£21.3 million representing 152% of the cost of the Option of £14.0 million.  The
value of the Option immediately after the disposal was £12.2 million and it
provided continuing exposure to the Index of approximately £50 million.





For further information please contact:

William Eccles              020 7825 5300

Tim Spence                  020 7825 5300






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