3 April 2006
ANNOUNCEMENT TO STOCK EXCHANGE
Ten Largest Investments
Graphite Enterprise Trust PLC ("Graphite Enterprise") announces that the ten largest investments at 31 December 2005, the most recent date at which the portfolio valuations have been reviewed by the Directors, were as set out below. All investments representing more than 5% of the gross assets of Graphite Enterprise are included.
Investment
FTSE 100 Call Option
U-POL
Graphite Capital Partners VI
Hicks, Muse, Tate & Furst Europe Fund
Corpfin Capital II
ICG Mezzanine Fund 2000
PAI Europe IV
Deutsche Beteiligungs AG Fund IV
Wagamama
Standard Brands
The investment in U-POL has been sold since 31 December 2005.
Graphite Enterprise announces its net asset value quarterly, with any movements in the valuation of individual unquoted holdings that are material to the Company announced as they occur.