Net Asset Value(s)

Intl. Biotechnology Trust PLC
02 August 2005


          FOR IMMEDIATE RELEASE                                        02-Aug-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 Friday 29th July 2005  was 124.34 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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