AGM Statement

Finsbury Emerging Biotechnology Tst
20 July 2006



                     FINSBURY EMERGING BIOTECHNOLOGY TRUST PLC

                               Results of the AGM



The Company is pleased to announce that at the Annual General Meeting held on 19
July 2006 all resolutions put to the meeting were duly passed.



Resolutions


 1. To receive and consider the audited accounts and the Report of the Directors
    for the year ended 31 March 2006.

 2. To re-elect Mr Paul Gaunt as a Director of the Company.

 3. To re-elect Dr John Gordon as a Director of the Company.

 4. To re-elect Mr John Sclater as a Director of the Company.

 5. To re-elect Mr Anthony Townsend as a Director of the Company.

 6. To re-elect Mr Peter Keen as a Director of the Company.

 7. To elect Mr Sven Borho as a Director of the Company.

 8. To re-appoint RSM Robson Rhodes LLP as auditors and to authorise the
    Directors to determine their remuneration.

 9. To approve the Directors' Remuneration Report.

10. To adopt the new articles of association of the Company.

11. To authorise the Directors to allot securities in the Company.

12. To disapply the rights of pre-emption in relation to the allotment of
    securities contained in section 89 of the Companies Act 1985.

13. To authorise the Company to make market purchases of Ordinary shares in the
    Company.



                                    - ENDS-



For further information please contact:


Mark Pope       Close Finsbury Asset Management Limited    020 7426 6294
Jo Stonier      Quill Communications                       020 7758 2230




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