Correction: Net Asset Value(s)

23 May 2008 16:22

THE ZERO PREFERENCE GROWTH TRUST PLC

The announcement of the net asset value released yesterday under PRNUK-2205081153-5DDD contained an error in the information on the gross assets which should have been ‚£12.17m and not ‚£12.92m. The corrected announcement is set out in full below.

The Company announces that the bid price Net Asset Values, including current period revenue, at 20 May 2008 were:

per Ordinary unit 77.13p per Growth share 4.07p

per Zero Dividend Preference share 73.06p

Gross assets less current liabilities ‚£12.17m

On 19 May 2008, the Company decreased the total amount drawn down under the Bank of Scotland facility by ‚£750,000 to ‚£570,000. The Company is currently eligible to draw down a maximum of ‚£1,500,000 under the loan facility.

Fair value of the debt is not materially different from the par value so no additional fair value NAV is required.