Protective Notice-Replacement

Finsbury Emerging Biotechnology Tst
02 October 2006

                   FINSBURY EMERGING BIOTECHNOLOGY TRUST PLC

           THIS ANNOUNCEMENT REPLACES RNS.7900J RELEASED THIS MORNING

                       CONTACT TELEPHONE NUMBER CORRECTED


                                                                  2 October 2006



Finsbury Emerging Biotechnology Trust PLC - Giving of Protective Notice


The directors of Finsbury Emerging Biotechnology Trust PLC (the "Company")
hereby announce that the Company has given to its Manager, Close Finsbury Asset
Management Limited ("CFAM"), protective notice to terminate the existing
Management, Administrative and Secretarial Services Agreement between the
Company and CFAM so that it will expire on 2 October 2007, subject to the
entitlement of the Company to withdraw the notice at any time before its expiry.





Enquiries:

John Sclater, Chairman

Tel. [phone]


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