Purchase of Own Securities

CHELVERTON GROWTH TRUST PLC                          

                              Ordinary 1p shares                               

The Company announces that it has today purchased in the market for
cancellation 699,231 Ordinary 1p Shares at a price of 18.1p per share.

The purchase will reduce the number of Ordinary 1p Shares in issue to
18,183,814.

29 October 2003