Net Asset Value(s)

CHELVERTON GROWTH TRUST PLC

The Net Asset Value, based on bid prices, per Ordinary Share of 1p (including current period revenue to 31 October 2013) at close of business on 31 October 2013 was 46.47p.

This is based on 10,495,860 Ordinary Shares, being the issued capital of 10,495,860 Ordinary Shares.

PORTFOLIO HOLDINGS

Name of Company % of Portfolio

1. Parmenion 15.85

2. One Horizon Group 13.09

3. IDOX 9.46

4. Transflex Vehicle Rental 6.15

5. Alliance Pharma 6.09

6. CEPS 5.74

7. A B Dynamics 5.66

8. Lombard Risk Management 5.02

9. Belgravium 4.10

10. Northbridge Industrial 3.73

11. Main Dental 3.59

12. Sanderson Group 3.38

13. LPA Group 2.99

14. Richoux Group 2.85

15. Tristel 2.62

16. Closed Loop Recycling Limited (loan stock) 1.72

17. Main Dental (loan stock) 1.54

18. Security Research 1.28

19. Anaxsys Technology 1.07

20. Petards Group 1.02

Balance held in 7 holdings 3.05

100.00

.