Directorate Change

12 July 2012

                         THE BIOTECH GROWTH TRUST PLC                          

                                (the "Company")                                

             Notification of Board changes and Directors' details              

Following the retirement from the Board of Mr John Sclater, CVO, the Company
hereby announces that Lord Waldegrave of North Hill has become the Chairman
with immediate effect.

- ENDS-

For further information please contact:

Mark Pope                                                                      

Frostrow Capital LLP

020 3 008 4913