Director/PDMR Shareholding

Finsbury Emerging Biotechnology Tst
21 August 2006


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS


This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).

(1)  An issuer making a notification in respect of a transaction relating to the 
     shares or debentures of the issuer should complete boxes 1 to 16, 23 and 
     24.

(2)  An issuer making a notification in respect of a derivative relating to the 
     shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 
     24.

(3)  An issuer making a notification in respect of options granted to a director
     /person discharging managerial responsibilities should complete boxes 1 to 
     3 and 17 to 24.
     
(4)  An issuer making a notification in respect of a financial instrument 
     relating to the shares of the issuer (other than a debenture) should 
     complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.


PLEASE COMPLETE ALL RELEVANT BOXES IN BLOCK CAPITAL LETTERS.


1. Name of the issuer:

FINSBURY EMERGING BIOTECHNOLOGY TRUST PLC


2. State whether the notification relates to:
     
(i)  a transaction notified in accordance with DR 3.1.4R(1)(a); or
      
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324
     (as extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

(iii) BOTH (i) AND (ii)


3. Name of person discharging managerial responsibilities/director:

MR JOHN ANTHONY VICTOR TOWNSEND


4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person:

MRS CAROLYN TOWNSEND


5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest:

AS IN 4 ABOVE


6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares:

ORDINARY 25p SHARES


7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them:

NOT DISCLOSED


8. State the nature of the transaction:

ACQUISITION


9. Number of shares, debentures or financial instruments relating to shares
acquired:

8,500 SHARES


10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage):

0.013%


11. Number of shares, debentures or financial instruments relating to shares
disposed:

NOT APPLICABLE


12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage):

NOT APPLICABLE


13. Price per share or value of transaction:

105P


14. Date and place of transaction:

21 AUGUST 2006 - LONDON


15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage):

80,200 SHARES
0.12%


16. Date issuer informed of transaction:

21 AUGUST 2006


If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes

17. Date of grant:

-


18. Period during which or date on which it can be exercised:

-


19. Total amount paid (if any) for grant of the option:

-


20. Description of shares or debentures involved (class and number):

-


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise:

-


22. Total number of shares or debentures over which options held following
notification:

-


23. Any additional information:



24. Name of contact and telephone number for queries:

MARK POPE, COMPANY SECRETARY
TEL: [phone]


Name and signature of duly authorised officer of issuer responsible for making
notification:

            MARK POPE


Date of notification:

21 AUGUST 2006


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