Issue of Equity

NEWS RELEASE

                                                                28 January 2015

                          THE BIOTECH GROWTH TRUST PLC                          

                                (the "Company")                                

                  SALE OF COMPANY'S OWN SHARES FROM TREASURY                   

Notification is given pursuant to the authority granted at the Annual General
Meeting of the Company held on 10 July 2014 to sell shares held by the Company
up to an aggregate nominal value of £1,696,943, representing 10 per cent. of
the issued ordinary share capital of the Company, that a market total of 30,000
Ordinary shares of 25p each has been sold by the Company on 28 January 2015 out
of treasury, at a price of 774.75p per share which equates to an estimated
premium to net asset value per share at the time of sale of 2.00%.

As a result the Company now holds 5,027,831 shares in treasury. The total
number of Ordinary shares that the Company has in issue following such sale is
68,886,347. Therefore, the total number of voting rights in the Company is
63,858,516.

For and on behalf of

Frostrow Capital LLP
Company Secretary

For further information, please contact:

Victoria Hale
Frostrow Capital LLP
Tel: [phone]