Director/PDMR Shareholding

Finsbury Emerging Biotechnology Tst
12 April 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:


AS IN 3 ABOVE



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 3 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:


NOT APPLICABLE



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


NOT APPLICABLE



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


NOT APPLICABLE



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:


NOT APPLICABLE



14. Date and place of transaction:


NOT KNOWN - LONDON



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


60,000 SHARES

0.22%



16. Date issuer informed of transaction:


12 APRIL 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:


NOTIFICATION IS HEREBY MADE AS AN UPDATE TO ENSURE THE CORRECT TOTAL NUMBER OF
SHARES BENEFICIALLY HELD IS DISCLOSED.



24. Name of contact and telephone number for queries:


TRACEY LAGO, COMPANY SECRETARY

TEL: [phone]



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



        TRACEY LAGO



Date of notification:


12 APRIL 2006


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