Transaction in Own Shares

Graphite Enterprise Trust PLC
22 December 2006









The Board of Graphite Enterprise Trust PLC announces that it has bought back
some of its own shares. The details are set out below:





Date of purchase: 21 December 2006



Number of shares purchased: 530,437



Highest and lowest price paid per share (excluding expenses): 391.0p



Shares in issue following this buy-back will be: 82,335,718



Name and telephone number of contact for queries:



Tim Spence - 020 7825 5300



Name of authorised company official responsible for making this announcement:



Tim Spence, for and behalf of Graphite Capital Management LLP, Secretary



Date of notification: 22 December 2006








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