Net Asset Value(s)

29 Dec 2006 12:21

THE ZERO PREFERENCE GROWTH TRUST PLC

The Company announces that the bid price Net Asset Values, including current period revenue, at 22 December 2006 were:

per Ordinary unit 69.75p per Growth share 7.91p

per Zero Dividend Preference share 61.84p

Gross assets less current liabilities ‚£15.67m

On 20 December 2006, the Company decreased the total amount drawn down under the Bank of Scotland facility by ‚£500,000 to ‚£4,520,000. The Company is currently eligible to draw down a maximum of ‚£6,000,000 under the loan facility.

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