Net Asset Value(s)

THE BIOTECH GROWTH TRUST PLC

NET ASSET VALUE

Undiluted

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 28 March 2014 was 482.15p (ex & cum
income).

Diluted

The estimated un-audited net asset value, assuming the re-issue of all of the
662,309 shares currently held in treasury, at the closing mid-market price on
28 March 2014, was 481.98p (ex & cum income).

For and on behalf of the Board
Frostrow Capital LLP
Secretary

31 March 2014