Net Asset Value(s)

Intl. Biotechnology Trust PLC
05 October 2005



          FOR IMMEDIATE RELEASE                      05-Oct-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 Friday 30th September 2005  was 122.09 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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