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.



END