Net Asset Value(s)

Intl. Biotechnology Trust PLC
22 March 2006


FOR IMMEDIATE RELEASE                                                  22-Mar-06

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 21st March 2006  was 148.74 pence.



By Order of the Board
Schroder Investment Management Limited
Secretaries


Enquiries:

International Biotechnology Trust plc         Terry Croft       020 7658 3953


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