Net Asset Value(s)

Intl. Biotechnology Trust PLC
12 January 2006

FOR IMMEDIATE RELEASE
12-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 Tuesday 10th January 2006  was 130.62 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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