Interim Report

Intl. Biotechnology Trust PLC
09 June 2004


                                                                     9 June 2004

                                  Interim Report


International Biotechnology Trust plc has today submitted its Interim Report 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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