Directorate Change

CHELVERTON GROWTH TRUST PLC                          

The Company is pleased to announce the appointment of Mr David Horner, as a
Director of the Board, with effect from 1 May 2006. Mr Horner has waived his
entitlement to any directors' fees.

Mr Horner is currently a director of:

1998-present Chelverton Asset Management Limited
1998-present Colinette Holdings Limited
2002-present Athelney Trust plc
2002-present The Quoted Companies Alliance

Previous directorships held by Mr Horner:

2001-2005 Abinger/CFA Capital Group plc
2000-2005 Talisman First VCT
2000-2001 Bishopsgate Amalgamations Limited
1998-2001 Micro Quoted Growth Trust plc (renamed Chelverton Growth Trust plc)
1998-2001 MGT Trading Limited
1994-2002 Robert H. Lowe plc
1993-1996 Quiligotti plc

There are no further details required to be disclosed pursuant to Listing Rule
9.6.13 (2) - (6).

Enquiries:

William van Heesewijk
Chelverton Asset Management Limited
Tel: [phone]

2 May 2006