26 September 2007
NAV announcement
ANNOUNCEMENT TO STOCK EXCHANGE
GRAPHITE ENTERPRISE TRUST PLC
26 SEPTEMBER 2007
The Board of Graphite Enterprise Trust PLC notes that market estimates of the Company’s current net asset value per share are below the Company’s own estimates.
The Board therefore announces that the net asset value per share as at 31 August 2007, the most recent date for which accounts have been prepared, was 491.5p.
The Board further announces that Graphite Enterprise has today sold its investment in Golden Tulip, a developer and manager of three and four star hotels, for cash proceeds of £8.8 million. The effect of this sale, taken in isolation, is to increase the Company’s net asset value per share by a further 6.5p.