Net Asset Value(s)

Intl. Biotechnology Trust PLC
06 September 2005

 FOR IMMEDIATE RELEASE                                         05-Sep-05


 To : The London Stock Exchange



International Biotechnology Trust plc


The Board of International Biotechnology Trust plc announces that the unaudited
net asset value per share as at Wednesday 31st August 2005  was 120.16 pence.




By Order of the Board
Schroder Investment Management Limited
Secretaries








Enquiries :

International Biotechnology Trust plc       Anthony Carney       020 7658 2548









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