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 1 April 2014 was 510.71p (ex & cumincome).DilutedThe estimated un-audited net asset value, assuming the re-issue of all of the662,309 shares currently held in treasury, at the closing mid-market price on 1April 2014, was 510.42p (ex & cum income).For and on behalf of the BoardFrostrow Capital LLPSecretary
2 April 2014