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 4 December 2019 was 936.11p (ex income) 936.68p (cum income).

For and on behalf of the Board
Frostrow Capital LLP
Secretary

05 December 2019