Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                 
                                                                               
1. Identity of the issuer or the           Chelverton Growth Trust Plc         
underlying issuer                                                              
of existing shares to which voting rights                                      
are                                                                            
attached:                                                                      
                                                                               
2 Reason for the notification (please tick the appropriate box or boxes):      
                                                                               
An acquisition or disposal of voting rights                              Yes   
                                                                               
An acquisition or disposal of qualifying financial instruments which      No   
may result in the acquisition of shares already issued to which voting         
rights are attached                                                            
                                                                               
An acquisition or disposal of instruments with similar economic effect    No   
to qualifying financial instruments                                            
                                                                               
An event changing the breakdown of voting rights                          No   
                                                                               
Other (please        Own Shares Purchased for Treasury                    No   
specify):                                                                      
                                                                               
3. Full name of person(s) subject to       Philip J Milton & Company Plc       
the                                                                            
notification obligation:                                                       
                                                                               
4. Full name of shareholder(s)                                                 
(if different from 3.):                                                        
                                                                               
5. Date of the transaction and date               22 December 2011             
on                                                                             
which the threshold is crossed or                                              
reached:                                                                       
                                                                               
6. Date on which issuer notified:                 3 February 2012              
                                                                               
7. Threshold(s) that is/are crossed                     10%                    
or                                                                             
reached:                                                                       

8. Notified details:                                                                          
                                                                                              
A: Voting rights attached to shares                                                           
                                                                                              
Class/type of Situation previous    Resulting situation after the triggering                  
shares        to the triggering     transaction                                               
              transaction                                                                     
                                                                                              
if possible      Number     Number      Number        Number of        % of voting           
using                of         of   of shares    voting rights             rights        
the ISIN CODE    Shares     Voting                                                                
                            Rights      Direct           Direct  Indirect   Direct  Indirect        
                                                                                              
GB0002621349  1,323,627  1,323,627   1,112,806        1,112,806             9.36% 
Ordinary                                                                                      
Shares                                                                                        
9912689 
                                                                                             
B: Qualifying Financial Instruments                                                           
                                                                                              
Resulting situation after the triggering transaction                                          
                                                                                              
Type of financial  Expiration Exercise/           Number of voting      % of voting           
instrument         date       Conversion Period   rights that may be    rights                
                                                  acquired if the                             
                                                  instrument is                               
                                                  exercised/ converted.                       
                                                                                              
C: Financial Instruments with similar economic effect to Qualifying Financial                 
Instruments                                                                                   
                                                                                              
Resulting situation after the triggering transaction                                          
                                                                                              
Type of        Exercise Expiration Exercise/  Number of voting       % of voting rights       
financial      price    date       Conversion rights instrument                               
instrument                         period     refers to                                       
                                                                                              
                                                                     Nominal    Delta         
                                                                                              
Total (A+B+C)                                                                                 
                                                                                              
Number of voting rights                  Percentage of voting rights                          
                                                                                              
1,112,806                                9.36%                                                

9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable:                     
                                                                               
Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                                                  
                                                                               
11. Number of voting rights proxy holder will                                  
cease                                                                          
to hold:                                                                       
                                                                               
12. Date on which proxy holder will cease to hold                              
voting rights:                                                                 
                                                                               
                                                                               
13. Additional information:                                                    
                                                                               
14. Contact name:                                                              
                                                                               
15. Contact telephone number: