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 Companies, for Finsbury Emerging
Biotechnology Trust PLC at the close of business on 18 December 2006 was
114.34p (ex income).

For and on behalf of the Board

Close Investments Limited

Secretary

19 December 2006