Transaction in Own Shares

Graphite Enterprise Trust PLC
03 October 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: 3 October 2006

Number of shares purchased: 500,000

Highest and lowest price paid per share (excluding expenses): 374.0p

Shares in issue following this buy-back will be: 83,466,155


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: 3 October 2006


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