Dividend Declaration

Piccadilly Growth Trust Plc
13 March 2002


Second interim dividend

The Company announces that a second interim dividend of 1.0p for the year ending
30 April 2002 on 30 August 2002 to shareholders on the register at 12 April
2002. The ex-dividend date for this payment will be 10 April 2002.



13 March 2002



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