Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Chelverton Growth Trust Plc

2. Reason for the notification                                        State    
                                                                     Yes/No    
                                                                               
An acquisition or disposal of voting rights                            Yes     
                                                                               
An acquisition or disposal of financial instruments which may                  
result in the                                                                  
acquisition of shares already issued to which voting rights are                
attached                                                                       
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):                                                        

3. Full name of person(s) subject to the notification obligation    Rensburg   
(iii):                                                              Sheppards  
                                                                   Investment  
                                                                   Management  
                                                                     Limited   
                                                                               
4. Full name of shareholder(s) (if different from 3.) (iv):            N/A     
                                                                               
5. Date of the transaction (and date on which the threshold is     02 May 2007 
crossed                                                                        
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                                  04 May 2007 
                                                                               
7. Threshold(s) that is/are crossed or reached:                        7%      
                                                                               
8. Notified details:                                                 Nominee   
                                                                    Holdings   

A: Voting rights attached to shares

 Class/type of  Situation previous   Resulting situation after the triggering  
    shares              to                       transaction (vii)             
  if possible     the Triggering                                               
using the ISIN   transaction (vi)                                              
     CODE                                                                      
                                                                               
                 Number    Number    Number  Number of voting    % of voting   
                   of        of        of       rights (ix)         rights     
                 Shares    Voting    shares                                    
                           Rights                                              
                           (viii)                                              
                                                                               
                                     Direct  Direct  Indirect  Direct  Indirect
                                               (x)     (xi)                    
                                                                               
Ordinary Shares 1,416,500 1,416,500                  1,236,500          7.05%  
                                                                               
 GB0002621349                                                                  
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial    date (xiii)      Conversion      rights that may be     voting  
 instrument                 Period/ Date (xiv)    acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
1,236,500                               7.05%                                  

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are
effectively held, if applicable (xv):

Client holdings registered in the name of Nominee companies 100% owned by      
Rensburg Sheppards Investment Management Limited.                              

Proxy Voting:


10. Name of the proxy holder:                                 N/A              
                                                                               
11. Number of voting rights proxy holder will cease to hold:  N/A              
                                                                               
12. Date on which proxy holder will cease to hold voting      N/A              
rights:                                                                        

13. Additional information:                                   N/A              
                                                                               
14. Contact name:                                             N/A              
                                                                               
15. Contact telephone number:                                 N/A              

Annex Notification Of Major Interests In Shares (xvi)


A: Identity of the person or legal entity subject to the                       
notification obligation                                                        
                                                                               
Full name (including legal form for legal entities)           Rensburg         
                                                              Sheppards        
                                                              Investment       
                                                              Management       
                                                              Limited          
                                                                               
Contact address (registered office for legal entities)        Quayside House,  
                                                              Canal Wharf,     
                                                              Leeds, LS11 5PU  
                                                                               
Phone number                                                  0113 259 5872    
                                                                               
Other useful information (at least legal representative for   Mike Rigby (Head 
legal persons)                                                of Compliance)   
                                                                               
B: Identity of the notifier, if applicable (xvii)                              
                                                                               
Full name                                                     Philip Martin    
                                                              Beardwell        
                                                                               
Contact address                                               2 Gresham Street,
                                                              London, EC2V 7QN 
                                                                               
Phone number                                                  020 7597 1356    
                                                                               
Other useful information (e.g. functional relationship with   Compliance       
the person                                                    Officer          
or legal entity subject to the notification obligation)                        

C: Additional information

This disclosure is made by Rensburg Sheppards Investment Management Limited    
based on Nominee holdings in accordance with DTR 5.2.1(F).