Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steven Bates
2	Reason for the notification
a)	Position/status	Non-executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Biotech Growth Trust PLC
b)	LEI	549300Z41EP32MI2DN29
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary 25p shares GB0000385517
b)	Nature of the transaction	Purchase for own account
c)	Price(s) and volume(s)	Price(s) Volume(s) 715.0 pence per share 10,000
d)	Aggregated information - Aggregated volume - Price	10,000 ordinary 25p shares 715.0 pence per share
e)	Date of the transaction	26 May 2017
f)	Place of the transaction	London Stock Exchange (XLON)

Name of authorised official of issuer responsible for making notification:

Mark Pope, for and on behalf of Frostrow Capital LLP

Company Secretary to THE BIOTECH GROWTH TRUST PLC