Purchase of Own Securities

CHELVERTON GROWTH TRUST PLC                          

                              Ordinary 1p shares                               

The Company announces that on 16 December 2003 it purchased in the market, for
cancellation, 20,000 Ordinary 1p Shares at a price of 25p per share.

The purchase will reduce the number of Ordinary 1p Shares in issue to
18,163,814.

17 December 2003.