BIOTECH

Share Issue/Capital Change • Jan 17, 2014

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THE BIOTECH GROWTH TRUST PLC - Issue of Equity

PR Newswire

London, January 17

                     THE BIOTECH GROWTH TRUST PLC                                17 January 2014                         Allotment of Ordinary SharesTHE BIOTECH GROWTH TRUST PLC (the "Company") announces the allotment of 50,000Ordinary shares of 25p each fully paid from its block listing authority.These shares were issued today at a price of 531.25 pence per share, whichequates to a premium to the estimated net asset value at the time oftransaction of 0.7%. The net asset value per Ordinary share at the close ofbusiness on 16 January 2014 was 527.60 pence per share.Following this issue, the Company has the ability to issue a further 6,183,134Ordinary shares its block listing facility.Following this transaction the Company hereby notifies the market that it hasin issue 68,761,347 Ordinary shares of 25p each all with voting rights. Noshares were held in treasury at the date of announcement.The figure of 68,761,347 may be used by shareholders as the denominator for thecalculation by which they may determine if they are required to notify theirinterest in, or change to their interest in, the Company under the FCA'sDisclosure and Transparency Rules.Enquiries:Mark PopeFrostrow Capital LLP

Tel: 020 3 008 4913