AGM Statement

THE BIOTECH GROWTH TRUST PLC (the "Company")                  

                     Results of the Annual General Meeting                     

At the Company's Annual General Meeting held on Wednesday, 23 July 2008 all the
resolutions set out in the notice of Annual General Meeting, dated 18 June
2008, were passed by the requisite majority. However, due to a technical
irregularity in the manner in which notice of the special resolutions
(resolutions 12 and 14 concerning the disapplication of pre-emption rights and
adoption of new articles of association) was given, those resolutions are
ineffective.  The Directors will not be seeking a renewal of the disapplication
of pre-emption rights at this time and their current intention is to seek to do
so, and to adopt new articles of association, at next year's Annual General
Meeting, or sooner at an Extraordinary General Meeting if it is deemed to be in
the interests of shareholders.

  * ENDS-
   
28 July 2008

Frostrow Capital LLP

Secretary

For further information please contact:

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