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                                    
                                                                               
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 : Notification of major holdings                                 Yes     

3. Full name of person(s) subject to the notification obligation    iimia plc  
(iii):                                                                         
                                                                               
4. Full name of shareholder(s) (if different from 3.) (iv):         iimia plc  
                                                                               
5. Date of the transaction (and date on which the threshold is         N/A     
crossed                                                                        
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                                 22 March 2007
                                                                               
7. Threshold(s) that is/are crossed or reached:                      Over 5%   
                                                                               
8. Notified details:                                                   N/A     

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)                   
                                                                                
 1p Ordinary   1,185,000 1,185,000 1,185,000 1,185,000           6.72%          
    shares                                                                      
                                                                                
 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                     
                                                                               
1,185,000                               6.72%                                  

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

iimia ACD Services Accelerated Fund (OEIC) - 1,185,000                         
                                                                               
(Registered: The Bank of New York Nominees A/C 391998)                         

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:                                   iimia plc is the 
                                                              Investment       
                                                              Managers to iimia
                                                              ACD Services     
                                                              OEICs.           
                                                                               
14. Contact name:                                             Helen Neighbour, 
                                                              iimia plc        
                                                                               
15. Contact telephone number:                                 01392 475972     

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)           iimia plc        
                                                                               
Contact address (registered office for legal entities)        23 Cathedral     
                                                              Yard, Exeter,    
                                                              Devon, EX1 1HB   
                                                                               
Phone number                                                  01392 475972     
                                                                               
Other useful information (at least legal representative for                    
legal persons)                                                                 
                                                                               
B: Identity of the notifier, if applicable (xvii)                              
                                                                               
Full name                                                     Helen Neighbour  
                                                                               
Contact address                                               23 Cathedral     
                                                              Yard, Exeter,    
                                                              Devon, EX1 1HB   
                                                                               
Phone number                                                  01392 475972     
                                                                               
Other useful information (e.g. functional relationship with                    
the person                                                                     
or legal entity subject to the notification obligation)                        

C: Additional information