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 April 2007 was 122.20p (ex income). For and on behalf of the Board Frostrow Capital LLP Secretary 23 April 2007
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