Net Asset Value(s)

Intl. Biotechnology Trust PLC
17 November 2005



FOR IMMEDIATE RELEASE                                                  17-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 15th November 2005  was 122.37 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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