Transaction in Own Shares

Graphite Enterprise Trust PLC
22 October 2007



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: 19 October 2007

Number of shares purchased: 339,000

Highest and lowest price paid per share (excluding expenses): 460.38p

Shares in issue following this buy-back will be: 76,488,718

Name and telephone number of contact for queries:

Tim Spence - 020 7825 5300

Name of authorised company official responsible for making this announcement:

Martin Crayton, for and behalf of Graphite Capital Management LLP, Secretary

Date of notification: 22 October 2007





                      This information is provided by RNS
            The company news service from the London Stock Exchange