Net Asset Value(s)

Intl. Biotechnology Trust PLC
06 January 2006

          FOR IMMEDIATE RELEASE                   06-Jan-06

          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 30th December 2005  was 128.53 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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