Director Declaration

Finsbury Emerging Biotechnology Tst
07 November 2005

                                                                 7 November 2005

                   FINSBURY EMERGING BIOTECHNOLOGY TRUST PLC
                                (the "Company")

              Notification of Board changes and directors' details

Announcement is made in respect of listing rule 9.6.13 (1) and 9.6.14, on behalf
of Anthony Townsend, Director.

The Company hereby announces the appointment of Anthony Townsend as a Director
and Chairman on 22 August 2005 of 'The Ukraine Opportunity Trust PLC' company
number 5537892, which became a public listed company on 2 November 2005.


                                    - END -

Contact information:

Tracey Lago - 020 7426 6219
Close Finsbury Asset Management Limited
Company Secretary

                      This information is provided by RNS
            The company news service from the London Stock Exchange