Portfolio Update

Intl. Biotechnology Trust PLC
05 September 2007



                                                                5 September 2007







                         NEW PRIVATE PORTFOLIO COMPANY





The Board of International Biotechnology Trust plc (the 'Company') notes that on
31 August 2007, the Company invested £115,000 in RespiVert Ltd, a new private
company based in the UK, with a further £385,000 committed to milestone based
tranches.




Enquiries:

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

Louise Richard
Schroder Investment Management Limited     Tel: [phone]




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