Result of AGM

Intl. Biotechnology Trust PLC
17 November 2003



                                                                17 November 2003

                             Annual General Meeting

The Company announces that at the Annual General Meeting of the Company, held at
31 Gresham Street, London, EC2V 7QA, at 3.00 p.m. on Friday, 14 November 2003,
Resolutions numbered 1 to 10 as set out in the Notice of Meeting were duly
passed.

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Enquiries:

Neil Olofsson

Schroder Investment Management Limited                  020 7658 3496


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