Net Asset Value(s)

Intl. Biotechnology Trust PLC
03 November 2006

FOR IMMEDIATE RELEASE                 03-Nov-06


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 Tuesday 31st October 2006  was 155.15 pence.



By Order of the Board
Schroder Investment Management Limited
Secretaries



Enquiries :
International Biotechnology Trust plc    Tina Watts       020 7658 3581


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