Net Asset Value(s)

THE BIOTECH GROWTH TRUST PLC

NET ASSET VALUE

The estimated un-audited net asset value per share, calculated in accordance with the guidelines of the Association of Investment Companies, for The Biotech Growth Trust PLC at the close of business on 8 October 2019 was 727.08p (ex income) 727.59p (cum income).

For and on behalf of the Board

Frostrow Capital LLP

Secretary

09 October 2019