Blocklisting Application

Intl. Biotechnology Trust PLC
09 July 2007

                                                                     9 July 2007


                        BLOCK LISTING OF ORDINARY SHARES


The Board of International Biotechnology Trust plc (the 'Company') announces
that an application has been made to the UK Listing Authority and the London
Stock Exchange for the block listing of 1,741,067 ordinary shares to the General
Corporate Purposes Scheme.


These ordinary shares may be issued, in whole or in part, for cash from time to
time provided that such issues will be made at prices which, taking in to
account commission, will be above the then prevailing net asset value per share.


The ordinary shares will, when issued, rank pari passu with the existing ordinary 
shares of the Company.


Enquiries:

Andy Smith
SV Life Sciences Managers LLP                                      020 7412 7067

Louise Richard
Schroder Investment Management Limited                             020 7658 6501
Company Secretary

Will Rogers/Charlie Ricketts
Cenkos Securities                                             020 7397 1920/1910


















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