24 January 2008
Final disposal of FTSE option
ANNOUNCEMENT TO STOCK EXCHANGE
GRAPHITE ENTERPRISE TRUST PLC
24 JANUARY 2008
FINAL DISPOSAL OF FTSE OPTION
Graphite Enterprise Trust PLC (the “Company”) announces that it has today sold the remaining 37.5% of the FTSE 100 call option (“the Option”) which was acquired in October 2005.
The proceeds of today’s disposal were £7.7 million. Total cash proceeds over the life of the Option were £29.0 million representing 2.1 times its cost of £14.0 million.
For further information please contact:
William Eccles 020 7825 5300
Tim Spence 020 7825 5300