Net Asset Value(s)

THE BIOTECH GROWTH 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 at the close of business on 23 December 2009 was 152.70p (ex and cum income). For and on behalf of the Board Frostrow Capital LLP Secretary 24 December 2009
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