Net Asset Value(s)

Intl. Biotechnology Trust PLC
26 January 2006

          FOR IMMEDIATE RELEASE             26-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 24th January 2006  was 132.10 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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