Result of AGM

Intl. Biotechnology Trust PLC
19 December 2002


19 December 2002

                             Annual General Meeting

The Company announces that at the Annual General Meeting, held at 31 Gresham
Street, London, EC2V 7QA, at 12.00 noon on Thursday 19 December 2002 the
Resolutions numbered 1 to 8, as set out in the Notice of Meeting were duly
passed.


Enquiries:

John Spedding
Schroder Investment Management Limited                     020 7658 3206
Secretaries


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