Portfolio Update

CHELVERTON GROWTH TRUST PLC (the "Company")

In accordance with UKLA Listing Rule 15.6.8R(2), the following list represents
the Company's 10 largest investments as at 30th November 2007 and where
appropriate and indicated with an asterisk, any investment with a value greater
than 5% of the Company's gross assets:

Name of company                          Class of share
                                                       
IDOX *                                   Ordinary      
                                                       
AI Claims *                              Ordinary      
                                                       
Food & Drink Group *                     Ordinary      
                                                       
Smallbone *                              Ordinary      
                                                       
Belgravium Technologies *                Ordinary      
                                                       
BBI Holdings                             Ordinary      
                                                       
CEPS                                     Ordinary      
                                                       
Northbridge Industrial Services          Ordinary      
                                                       
Tristel                                  Ordinary      
                                                       
Minor Planet Systems                     Ordinary