Issue of Equity

Finsbury Worldwide Pharm Tst PLC
27 February 2002



STOCK EXCHANGE ANNOUNCEMENT

FINSBURY WORLDWIDE PHARMACEUTICAL TRUST PLC

27 February 2002


Application has been made to the London Stock Exchange and the UK Listing
Authority for 50,000 Ordinary Shares of 25p each fully paid to be admitted to
trading and to the Official List. The new shares will rank pari passu with the
existing Ordinary Shares.

These shares were issued for cash on 22 February 2002 at a price of 562.0p per
share. The net asset value per Ordinary Share at the close of business on 21
February 2002 was 547.2p. Following the issue there are 39,190,000 Ordinary
Shares in issue.

Enquiries:

Faith Pengelly
Close Finsbury Asset Management Limited
Tel: [phone]

Nathan Brown
HSBC Investment Bank plc
Tel: [phone]


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