Result of AGM

THE BIOTECH GROWTH TRUST PLC                          

                              Results of the AGM                               

The Company announces that the following resolutions were passed at the Annual
General Meeting of the Company held on Thursday, 23rd

July 2009 and the level of proxy votes received is shown below.

Resolutions            Votes For    %    Votes     %     Total      Votes    
                                         Against         Votes Cast Withheld*
                                                                             
Ordinary Resolutions                                                         
                                                                             
 1. To receive and     26,818,877 95.87  1,156,161 4.13  27,975,038 0        
    consider the                                                             
    audited accounts                                                         
    and the Report of                                                        
    the Directors for                                                        
    the year ended 31                                                        
    March 2009.                                                              
                                                                             
 2. To re-elect Mr     24,482,185 87.51  3,492,853 12.49 27,975,038 0        
    Paul Gaunt as a                                                          
    Director of the                                                          
    Company.                                                                 
                                                                             
 3. To re-elect Dr     25,572,964 95.67  1,156,161 4.33  26,729,125 1,245,913
    John Gordon as a                                                         
    Director of the                                                          
    Company.                                                                 
                                                                             
 4. To re-elect Mr     26,811,448 95.84  1,163,590 4.16  27,975,038 0        
    John Sclater as a                                                        
    Director of the                                                          
    Company.                                                                 
                                                                             
 5. To re-elect Mr     25,572,964 95.67  1,156,161 4.33  26,729,125 1,245,913
    Peter Keen as a                                                          
    Director of the                                                          
    Company.                                                                 
                                                                             
 6. To re-elect Mr     24,568,370 87.82  3,406,668 12.18 27,975,038 0        
    Sven Borho as a                                                          
    Director of the                                                          
    Company.                                                                 
                                                                             
 7. To re-elect Lord   25,513,909 95.45  1,215,216 4.55  26,729,125 1,245,913
    Waldegrave of                                                            
    North Hill as a                                                          
    Director of the                                                          
    Company.                                                                 
                                                                             
 8. To approve the     27,691,914 99.09  253,258   0.91  27,945,172 29,866   
    Directors'                                                               
    Remuneration                                                             
    Report.                                                                  
                                                                             
 9. To re-appoint      27,951,480 99.93  19,793    0.07  27,971,273 3,765    
    Grant Thornton UK                                                        
    LLP as auditors                                                          
    and to authorise                                                         
    the Directors to                                                         
    determine their                                                          
    remuneration.                                                            
                                                                             
Special Business                                                             
                                                                             
10. To authorise the   27,902,147 99.79  59,582    0.21  27,961,729 13,309   
Directors to allot                                                           
securities in the                                                            
Company.                                                                     
                                                                             
11. To disapply the    27,885,256 99.73  76,597    0.27  27,961,853 13,185   
rights of pre-emption                                                        
in relation to the                                                           
allotment of                                                                 
securities contained                                                         
in section 89 of the                                                         
Companies Act 1985.                                                          
(Special resolution).                                                        
                                                                             
12. To authorise the   27,929,157 99.88  32,696    0.12  27,961,853 13,185   
Company to make market                                                       
purchases of Ordinary                                                        
shares in the Company.                                                       
(Special resolution)                                                         
                                                                             
13. To adopt new       27,929,267 99.97  7,500     0.03  27,936,767 38,271   
Articles of                                                                  
Association. (Special                                                        
resolution)                                                                  
                                                                             
14. That as permitted  27,968,095 100.00 0         0.00  27,968,095 6,943    
by the EU                                                                    
Shareholders' Rights                                                         
Directive (2007/36/EC)                                                       
any General Meeting of                                                       
the Company (other                                                           
than the Annual                                                              
General Meeting) shall                                                       
be called by notice of                                                       
at least 14 clear                                                            
days. (Special                                                               
resolution)                                                                  

* Please note that `Vote withheld' is not a vote in law and is not counted in
the calculation of the proportion of votes `For' and `Against `a resolution.

                                    - ENDS-                                    

23rd July 2009

Frostrow Capital LLP

Secretary

For further information please contact:

Mark Pope Frostrow Capital LLP -        0203 008 4913  
          Company Secretary