Proposed Bonus Issue of Subscription Shares

FINSBURY WORLDWIDE PHARMACEUTICAL TRUST PLC                  

                                  22 May 2009                                  

                  PROPOSED BONUS ISSUE OF SUBSCRIPTION SHARES                  

The Board of Finsbury Worldwide Pharmaceutical Trust PLC (the "Company")
announces that it is considering proposals for a bonus issue of subscription
shares to ordinary shareholders. Subscription shares confer the right (but not
the obligation) to subscribe for ordinary shares and are qualifying investments
for the purposes of stocks and shares ISAs and SIPPs. Subscription shares would
only be issued following the final exercise date of the Company's warrants on
31 July 2009.

The Board believes that subscription shares represent an attractive way in
which investors can participate in any future net asset growth of the Company
through subscribing for ordinary shares.

A further announcement will be made in due course.

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 Enquiries: 

Alastair Smith                              020 3008 4911                    
                                                                             
Frostrow Capital                                                             
                                                                             
Jane Lewis                                  020 3100 0295                    
                                                                             
Winterflood Investment Trusts