Holding(s) in Company

SCHEDULE 10                                  
                                                                               
                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

1. Name of company

FINSBURY EMERGING BIOTECHNOLOGY TRUST PLC                                      

2. Name of shareholder having a major interest

EAST RIDING OF YORKSHIRE COUNCIL                                               

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

AS IN 2 ABOVE                                                                  

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

AS IN 2 ABOVE                                                                  

5. Number of shares / amount of stock acquired

500,000                                                                        

6. Percentage of issued class

0.76%                                                                          

7. Number of shares / amount of stock disposed

NIL                                                                            

8. Percentage of issued class

N/A                                                                            

9. Class of security

ORDINARY SHARES OF 25P EACH                                                    

10. Date of transaction

12 JANUARY 2007                                                                

11. Date company informed

15 JANUARY 2007                                                                

12. Total holding following this notification

5,700,000                                                                      

13. Total percentage holding of issued class following this notification

8.65%                                                                          

14. Any additional information



15. Name of contact and telephone number for queries

MARK POPE - 020 7426 6294                                                      

16. Name and signature of authorised company official responsible for making
this notification

MARK POPE                                                                      
                                                                               
FOR AND ON BEHALF OF CLOSE FINSBURY ASSET MANAGEMENT LIMITED, SECRETARY        

Date of notification

15 JANUARY 2007                                                                

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