Director Declaration

24 May 2007

                   FINSBURY EMERGING BIOTECHNOLOGY TRUST PLC                   

                                (the "Company")                                

             Notification of Board changes and Directors' details              

Announcement is made in respect of paragraph 9.6.14R of the Listing Rules on
behalf of Anthony Townsend, Director.

The Company hereby announces that Anthony Townsend, non-executive Director,
ceased to be a non-executive Director of The Ukraine Opportunity Trust PLC with
effect from 23 May 2007.

                                    - END -                                    

Contact information:

Mark Pope - 020 3 008 4913

Frostrow Capital LLP

Company Secretary