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 31 December 2013 was 474.92p (ex & cum
income).

For and on behalf of the Board
Frostrow Capital LLP
Secretary

2 January 2014