Interim Report

Intl. Biotechnology Trust PLC
06 June 2003



                                                                    6 June 2003

                       Interim Report to 28 February 2003

International Biotechnology Trust plc has today submitted its Interim Report to
28 February 2003 to the UK Listing Authority. The Report will shortly be
available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at:


Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Telephone number: 020 7676 1000



Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]



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