THE BIOTECH GROWTH TRUST PLCNET ASSET VALUEUndilutedThe estimated un-audited net asset value, calculated in accordance with theguidelines of the Association of Investment Companies, for The Biotech GrowthTrust PLC at the close of business on 7 March 2014 was 555.12p (ex & cumincome).DilutedThe estimated un-audited net asset value, assuming the re-issue of all of the310,000 shares currently held in treasury, at the closing mid-market price on 7March 2014, was 554.94p (ex & cum income).For and on behalf of the BoardFrostrow Capital LLPSecretary
10 March 2014