Net Asset Value(s)

Intl. Biotechnology Trust PLC
03 March 2006


          FOR IMMEDIATE RELEASE                                   03-Mar-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 28th February 2006  was 144.28 pence.



By Order of the Board
Schroder Investment Management Limited
Secretaries


Enquiries :
International Biotechnology Trust plc          Terry Croft       020 7658 3953





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