Disposal

29 Jul 2005 08:09

Graphite Enterprise Trust PLC29 July 2005 ANNOUNCEMENT TO STOCK EXCHANGE GRAPHITE ENTERPRISE TRUST PLC 29 July 2005 Graphite Enterprise Trust PLC ("Graphite Enterprise") disposed of its investmentin Jane Norman for cash proceeds of £21.3 million. The effect of this disposal,taken in isolation, is to increase Graphite Enterprise's net asset value pershare by 14.5p, of which 12.6p is attributable to the capital account and 1.9pis attributable to the revenue account. On 18 May 2005 Graphite Enterprise announced that its net asset value per shareas at 31 March 2005 was 331.6p. This information is provided by RNS The company news service from the London Stock Exchange