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Zero Pref Growth Tst (ZPG)

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Thursday 22 August, 2002

Zero Pref Growth Tst

Bank Loan

The Zero Preference Growth Trust PLC

Bank Facilities

The Company confirms that it has today, repaid a further £1 million of its bank
loan with Bank of Scotland, at no penalty cost to the Company, leaving £23
million outstanding.

Whilst the Company remains in default under the terms of its facility agreement
with Bank of Scotland, the Company has been informed by the Bank that it has no
present intention of demanding immediate repayment of the loans made by the
Bank to the Company.


Tony Reid / William van Heesewijk

BFS Investments plc 01483 237773

Paul Richards

Collins Stewart Limited 020 7523 8350