Holding(s) in Company

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying           FINSBURY EMERGING        
issuer of existing shares to which voting          BIOTECHNOLOGY TRUST PLC     
rights are attached:                                                           
                                                                               
2. Reason for the notification (please tick the appropriate box or             
boxes):                                                                        
                                                                               
An acquisition or disposal of voting rights                              X     
                                                                               
An acquisition or disposal of financial instruments which may result           
in the acquisition of shares already issued to which voting rights             
are attached                                                                   
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):                                                        
                                                                               
3. Full name of person(s) subject to the          EAST RIDING OF YORKSHIRE     
notification obligation:                                   COUNCIL             
                                                                               
4. Full name of shareholder(s) (if different                 N/A               
from 3.):                                                                      
                                                                               
5. Date of the transaction and date on which            12 MARCH 2007          
the threshold is crossed or reached:                                           
                                                                               
6. Date on which issuer notified:                       15 MARCH 2007          
                                                                               
7. Threshold(s) that is/are crossed or reached:            OVER 5%             
                                                                               
8. Notified details: 9.58%                                                     

A: Voting rights attached to shares                                            
                                                                               
Class/type  Situation         Resulting situation after the triggering         
of shares   previous to the   transaction                                      
            Triggering                                                         
if possible transaction                                                        
using the                                                                      
ISIN CODE                                                                      
             Number of    Number of Number of Number of voting    % of voting              
             Shares       Voting    shares    rights ix           rights                   
                          Rights                                                           
                          viii      Direct    Direct x  Indirect  Direct   Indirect        
                                                        xi                                 
                                                                              
25p ORDINARY 5,700,000    5,700,000 6,300,000 6,300,000 N/A       9.58%    N/A    
                                                                              
GB0000385517                                                                  

B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction xii                       
                                                                               
Type of         Expiration  Exercise/          Number of voting    % of voting 
financial       date xiii   Conversion Period/ rights that may be  rights      
instrument                  Date xiv           acquired if the                 
                                               instrument is                   
                                               exercised/                      
                                               converted.                      
                                                                               
N/A             N/A         N/A                N/A                 N/A         

Total (A+B)                                                                    
                                                                               
Number of voting rights                % of voting rights                      
     6,300,000                                 9.58%                  

9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable xv:                  
                                                                               

Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                                  N/A             
                                                                               
11. Number of voting rights proxy holder will                  N/A             
cease to hold:                                                                 
                                                                               
12. Date on which proxy holder will cease to hold              N/A             
voting rights:                                                                 

13. Additional information:         CALCULATION BASE DON 65, 767,263 ORDINARY  
                                                 SHARES IN ISSUE               
                                                                               
14. Contact name:                        Company Secretarial Department        
                                                                               
15. Contact telephone number:                     020 7426 6219