Net Asset Value(s)

FINSBURY EMERGING BIOTECHNOLOGY TRUST PLC

NET ASSET VALUE

The estimated unaudited net asset value, calculated in accordance with the
guidelines of the Association of Investment Companies, for Finsbury Emerging
Biotechnology Trust PLC at the close of business on 20 December 2006 was
112.63p (ex income).

For and on behalf of the Board

Close Investments Limited

Secretary

21 December 2006