Tranche Update on Chelverton Growth Trust PLC's Equity Buyback announced on February 3, 2016.

Chelverton Growth Trust PLC is an investment trust. The Company's objective is to provide capital growth through investment in companies listed on the official list and traded on the Alternative Investment Market (AIM) with a market capitalization at the time of investment of up to £50 million, which are believed to be at a point of change. Its investment objective is to increase net asset value per share at a higher rate than other quoted smaller company trusts and the MSCI Small Cap UK Index. The Company invests in securities of publicly quoted United Kingdom companies, though it may invest in unquoted securities. The Company invests in various sectors, such as support services, technology hardware and equipment, and healthcare equipment and services. Its investment manager is Chelverton Asset Management Limited (CAM).