Net Asset Value(s)

Intl. Biotechnology Trust PLC
03 November 2005

          FOR IMMEDIATE RELEASE                  03-Nov-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 Tuesday 1st November 2005  was 116.96 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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