Net Asset Value(s)

Intl. Biotechnology Trust PLC
03 November 2005

          FOR IMMEDIATE RELEASE                           03-Nov-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 Monday 31st October 2005  was 117.15 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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