Net Asset Value(s)

Intl. Biotechnology Trust PLC
14 September 2005

          FOR IMMEDIATE RELEASE             14-Sep-05

          To : The London Stock Exchange


International Biotechnology Trust plc

The Board of International Biotechnology Trust plc announces that the unaudited
net asset value per share as at Tuesday 13th September 2005  was 122.82 pence.

By Order of the Board
Schroder Investment Management Limited
Secretaries

Enquiries :

International Biotechnology Trust plc       Anthony Carney       020 7658 2548



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