Exercise of Warrants

Finsbury Worldwide Pharm Tst PLC
03 August 2006

                  FINSBURY WORLDWIDE PHARMACEUTICAL TRUST PLC

                                 3 AUGUST 2006

Exercise of Warrants

Finsbury Worldwide Pharmaceutical Trust PLC (the 'Company') announces that
following receipt of notices to exercise Warrants at an exercise price of 464p
on the exercise date of 31 July 2006, the Company has allotted and issued as
fully paid 32,731 new Ordinary shares in the Company under the General Block
Listing.

Following allotment, the issued share capital of the Company will be 57,604,881
Ordinary shares and 10,773,367 Warrants.

The outstanding Warrants are exercisable on 31 July* in each of the years 2007
to 2009 inclusive at an exercise price of 464p.  Warrant Exercise Notices shall
be sent to all Warrant holders prior to commencement of the exercise period of
28 days prior to each exercise date.

As at the close of 31 July 2006, the fully diluted Net Asset Value per Ordinary
share was 500.03p per share, the mid market share price per Ordinary share was
486.50p and the mid market Warrant price was 115.20p.

*or if such day is not a business day, then on the next business day

                                    - Ends -

For further information, please contact:

Tracey Lago         Close Finsbury Asset Management Limited        020 7426 6219
Alastair Smith      Close Finsbury Asset Management Limited        020 7426 6240


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