Portfolio Update

2 Nov 2007 17:08

Zero Preference Growth Trust plc

In accordance with UKLA Listing Rule 15.6.8R (2), the following list representsthe Company's 10 largest investments as at 31 October 2007 and whereappropriate, any investment with a value greater than 5% of the Company's grossassets:Name of company Class of share Royal London UK Equity Zero Dividend Preference JZ Equity Partners Zero Dividend Preference NSF Securities Zero Dividend Preference Real Estate Opportunities Zero Dividend Preference M&G Income Investment Zero Dividend Preference Bear Stearns Private Equity Zero Dividend Preference M&G Recovery IT Zero Dividend Preference Epic Securities Zero Dividend Preference Jupiter Second Split Zero Dividend Preference Barclays Bank Eurostoxx Ladder Bond Bond