Net Asset Value(s)

FINSBURY EMERGING BIOTECHNOLOGY TRUST PLC

NET ASSET VALUE

The estimated unaudited net asset value, calculated in accordance with the
guidelines of the Association of Investment Trust Companies, for Finsbury
Emerging Biotechnology Trust PLC at the close of business on 22 November 2006
was 121.80p (ex income).

For and on behalf of the Board

Close Finsbury Asset Management Limited

Secretary

23 November 2006