Annual Report and Accounts

Intl. Biotechnology Trust PLC
19 October 2004







                                                                 19 October 2004




                         2004 Annual Report and Accounts


International Biotechnology Trust plc has submitted its 2004 Annual Report and
Accounts to the UK Listing Authority. The Report will shortly be available for
inspection at the UK Listing Authority's Document Viewing Facility, which is
situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Telephone number: 020 7676 1000



Enquiries:

John Spedding
Schroder Investment Management Limited 
Tel: [phone]





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