Correction : Net Asset Value(s)

The net asset value released on 5 August 2005 contained an error. The correct
net asset value as at 31 July 2005 is set out below.



CHELVERTON GROWTH TRUST PLC

The Net Asset Value per Ordinary Share of 1p (including current period revenue)
at close of business on 31 July 2005 was 39.83p.

Fair value of the overdraft is not materially different from the par value, so
no additional Fair Value Net Asset Value is required.

8 August 2005