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 17 April 2012 was 246.75p (ex and cum income). For and on behalf of the Board Frostrow Capital LLP Secretary 18 April 2012
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