Net Asset Value(s)

Intl. Biotechnology Trust PLC
19 October 2005

          FOR IMMEDIATE RELEASE                       19-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 Tuesday 18th October 2005  was 116.25 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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