Cancellation of Treasury Shares

For immediate release

                                                                   24 July 2008

                  FINSBURY WORLDWIDE PHARMACEUTICAL TRUST PLC                  

                                (the "Company")                                

                        CANCELLATION OF TREASURYSHARES                         

In conformity with the provisions of the Transparency Directive, the Company
hereby notifies the market that the total number of Ordinary shares currently
held in treasury, being 2,679,750, have today been cancelled. The total number
of Ordinary shares that the Company has in issue and therefore, the total
number of voting rights in the Company is 44,406,411.

The figure of 44,406,411 may be used by shareholders as the denominator for the
calculation by which they may determine if they are required to notify their
interest in, or change to their interest in, the Company under the FSA's
Disclosure and Transparency Rules.

For and on behalf of

Frostrow Capital LLP

Company Secretary

For further information, please contact:

Mark Pope

Frostrow Capital LLP

Tel: [phone]