Result of AGM

Chelverton Growth Trust PLC (the "Company")                  

                                 RESULT OF AGM                                 

The Company announces the results of the Annual General Meeting held on 17
December 2008, as follows:

Resolution 1, to receive the Report of the Directors and the audited financial
statements for the year ended 31 August 2008, was passed.

Proxy votes received on resolution 1 were:

For 81,175, none against, none discretionary and 1,313,896 abstentions.

Resolution 2, to receive and approve the Directors' remuneration report, was
passed.

Proxy votes received on resolution 2 were:

For 81,175, none against, none discretionary and 1,313,896 abstentions.

Resolution 3, to re-elect Mr D A Horner as a Director, was passed.

Proxy votes received on resolution 3 were:

For 81,175, none against, none discretionary and 1,313,896 abstentions.

Resolution 4, to re-elect Mr K J Allen as a Director, was passed

Proxy vote received on resolution 4 were:

For 81,175, none against, none discretionary and 1,313,896 abstentions.

Resolution 5, to appoint Hazlewoods LLP as Auditors and to authorise the
Directors to determine their remuneration, was passed.

Proxy votes received on resolution 5 were:

For 81,175, none against, none discretionary and 1,313,896 abstentions.

Resolution 6, authority to allot shares other than in accordance with statutory
pre-emption rights under Section 95 of the Companies Act 1985, was passed.

Proxy votes received on resolution 6 were:

For 79,500, 1,675 against, none discretionary and 1,313,896 abstentions.

Resolution 7, authority to issue shares previously held in treasury at a
discount to net asset value, was passed.

Proxy votes received on resolution 7 were:

For 81,175, none against, none discretionary and 1,313,896 abstentions.

Resolution 8, authority to make market purchases under section 166 of the
Companies Act 1985 was passed.

Proxy votes received on resolution 8 were:

For 81,175, none against, none discretionary and 1,313,896 abstentions.

Resolution 9, to adopt the Articles of Association produced to the meeting was
passed.

Proxy votes received on resolution 9 were:

For 81,175, none against, none discretionary and 1,313,896 abstentions.

17 December 2008