New £25m Credit Facility Agreed

Finsbury Worldwide Pharm Tst PLC
25 January 2000


BORROWING FACILITY

The Board of Finsbury Worldwide Pharmaceutical Trust PLC announces that the
Company has entered into an agreement with Allied Irish Banks p.l.c. which has
made available a committed multi-currency revolving credit facility of up to
£25,000,000 for the period to 30 December 2004.

The Company has to date drawn US$ 8.2 million, Euro 5.6 million and Japanese Yen
260.0 million for investment in securities in line with the Company's existing
investment remit.

It was announced in the Company's interim statement that the Board would reserve
a portion of the borrowing available under the new facility to fund repurchases
of the Company's shares.  Accordingly, the Company has also drawn £2.4 million
to fund the recent repurchase of one million of the Company's ordinary shares.

For and on behalf of Rea Brothers Limited - Secretary

For further information, please contact:

Mark Mathias
Finsbury Asset Management
Tel. [phone]