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 31 May 2007 was 123.42p (ex income). For and on behalf of the Board Frostrow Capital LLP Secretary 1 June 2007
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