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 Trust Companies, for Finsbury
Emerging Biotechnology Trust PLC at the close of business on 1 November 2006
was 117.28p (ex income).

For and on behalf of the Board

Close Finsbury Asset Management Limited

Secretary

2 November 2006