Result of EGM

THE BIOTECH GROWTH TRUST PLC (the "Company")                  

            Results of a General Meeting of the Company held on 4th            

                                 December 2009                                 

 The Company announces that the following resolutions were passed at a General 
                  Meeting of the Company held on Friday, 4th                   

      December 2009 and the level of proxy votes received is shown below.      

Resolutions              Votes For    %   Votes   %    Total      Votes    
                                          Against      Votes Cast          
                                                                  Withheld*
                                                                           
1. The removal of the    35,529,370 99.78 78,609  0.22 35,607,979   4,610  
limit on shares that may                                                   
be allotted by the                                                         
Company. (Ordinary                                                         
Resolution)                                                                
                                                                           
2. Authority for the     34,519,594 99.87 44,964  0.13 34,564,558 1,048,031
Company to allot shares.                                                   
(Ordinary Resolution)                                                      
                                                                           
3. The Disapplication of 34,487,709 99.78 76,849  0.22 34,564,558 1,048,031
pre-emption rights.                                                        
(Special Resolution)                                                       
                                                                           
4. The purchase of the   35,554,079 99.85 53,900  0.15 35,607,979   4,610  
Company's own shares.                                                      
(Special Resolution)                                                       
                                                                           
5. The release of the    35,531,240 99.78 76,739  0.22 35,607,979   4,610  
Company from its                                                           
continuation vote in                                                       
2010. (Special                                                             
Resolution)                                                                

* Please note that `Vote withheld' is not a vote in law and is not counted in
the calculation of the proportion of votes `For' and `Against `a resolution.

                                    - ENDS-                                    

4th December 2009

Frostrow Capital LLP

Secretary

For further information please contact:

Mark Pope Frostrow Capital LLP -        020 3 008   
          Company Secretary             4913        

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