Net Asset Value(s)

THE BIOTECH GROWTH TRUST PLC (FORMERLY FINSBURY EMERGING BIOTECHNOLOGY TRUST PLC) NET ASSET VALUE The estimated un-audited net asset value, calculated in accordance with the guidelines of the Association of Investment Companies, for The Biotech Growth Trust PLC (formerly Finsbury Emerging Biotechnology Trust PLC) at the close of business on 25 July 2007 was 112.73p (ex income). For and on behalf of the Board Frostrow Capital LLP Secretary 26 July 2007
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