Portfolio Update

Intl. Biotechnology Trust PLC
27 March 2007


                                                                   28 March 2007


                         NEW PRIVATE PORTFOLIO COMPANY

The Board of International Biotechnology Trust plc (the 'Company') notes that
the Company has invested in a further new private company allocated to the
Ordinary and C share pools according to the most recently released net asset
value of each pool at the point of investment. The investment was as follows:

23 March - US$183,000 in Affinium Pharmaceuticals - a developer of a novel class
of oral antibacterial therapeutics, based in the USA (a further US$417,000 was
also committed subject to milestones).

Enquiries:

Andy Smith
SV Life Sciences Managers LLP
Investment Manager                              Tel: [phone]

Louise Richard
Schroder Investment Management Limited          Tel: [phone]




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