Result of Meetings

Foreign&Colonial Enterprise Tst PLC
24 May 2001


All resolutions were passed at the Annual General Meeting on 24 May 2001.  As
a result the name of the company is now changing to Graphite Enterprise Trust
PLC.

At a board meeting following the AGM Sean O'Connor was appointed to the Board
and Peter Dicks was appointed Senior Non-executive Director following the
retirement of Peter Curry.


For further information please contact:

Rod Richards 
Graphite Capital
Tel: [phone]