Portfolio Update

CHELVERTON GROWTH TRUST PLC (the 'Company')

In accordance with UKLA Listing Rule 15.4.11(2), the following list represents
the Company's 10 largest investments as at 30th November 2005 and where
appropriate, any investment with a value greater than 5% of the Company's gross
assets:

Name of company                            Class of share
                                                         
AI Claims                                  Ordinary      
                                                         
Belgravium Technology                      Ordinary      
                                                         
Chromogenex                                Ordinary      
                                                         
Elevation Events Group                     Ordinary      
                                                         
IDOX                                       Ordinary      
                                                         
Mavinwood                                  Ordinary      
                                                         
Oasis Healthcare                           Ordinary      
                                                         
Petards Group                              Ordinary      
                                                         
Tristel                                    Ordinary      
                                                         
UKBetting                                  Ordinary