Net Asset Value(s)

11 Jun 2007 15:54

CHELVERTON GROWTH TRUST PLC

The Net Asset Value, based on bid prices, per Ordinary Share of 1p (including current period revenue) at close of business on 31 May 2007 was 49.70p. The Treasury Net Asset Value, per Ordinary Share of 1p (including current period revenue) at close of business on 31 May 2007 was 49.44p

Fair value of the overdraft is not materially different from the par value.

TOP 20 HOLDINGS Name of company % of portfolio 1 Oasis Healthcare 14.02 2 A1 Claims 6.69 3 Belgravium Technologies 5.67 4 Smallbone 4.62 5 BBI Holdings 4.27 6 Food and Drink Group 4.10 7 Northbridge Industrial Services 3.88 8 IDOX 3.55 9 Tristel 3.15 10 CEPS 2.97 11 Petards Group 2.84 12 Assetco 2.74 13 MTI Wireless Edge 2.73 14 Minorplanet Systems 2.68 15 AT Communications 2.68 16 Closed Loop London Ltd 2.57 17 Titan Europe 2.36 18 Hartest Holdings 2.28 19 Satcom Group 1.99 20 Datong Electronic 1.90 Balance held in 19 holdings 22.32 100.00