Net Asset Value(s)

Intl. Biotechnology Trust PLC
26 October 2005

          FOR IMMEDIATE RELEASE             26-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 25th October 2005  was 116.09 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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