Net Asset Value(s)

FINSBURY EMERGING BIOTECHNOLOGY 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 Finsbury Emerging Biotechnology Trust PLC at the close of business on 9 May 2007 was 123.59p (ex income). For and on behalf of the Board Frostrow Capital LLP Secretary 10 May 2007
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