Net Asset Value(s)

Intl. Biotechnology Trust PLC
10 November 2005


FOR IMMEDIATE RELEASE             10-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 Tuesday 8th November 2005  was 120.96 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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