zpg

Net Asset Value(s)
THE ZERO PREFERENCE GROWTH TRUST PLC
The Company announces that the mid price Net Asset Values at 18 October 2005
were: per Ordinary unit 61.97p
per Growth share 8.17p

per Zero Dividend Preference share 53.80p

Gross assets less current liabilities £13.80m

Fair value of the debt is not materially different from the par value, so no
additional Fair Value NAV is required.