Net Asset Value(s)

Intl. Biotechnology Trust PLC
20 October 2006

          FOR IMMEDIATE RELEASE                          20-Oct-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 17th October 2006  was 156.24 pence.




By Order of the Board


Schroder Investment Management Limited

Secretaries

Enquiries :

International Biotechnology Trust plc            Tina Watts      020 7658 3953





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