Director's Notification of Dealing in Shares in Sh

Piccadilly Growth Trust Plc
3 August 2000


The Company has been informed that Mr Peter Metcalfe, a Director of the
Company has today purchased 5,000 Ordinary 25p Shares of the Company,
registered in the name of Northern & Midland Nominees Acct ACTEM079. As a
result, Mr Metcalfe is deemed have an interest in a total of 19,801 Ordinary
25p Shares of the Company (representing 0.24% of the issued share capital).