Net Asset Value(s)

Intl. Biotechnology Trust PLC
18 December 2006

          FOR IMMEDIATE RELEASE                                 18-Dec-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 Friday 15th December 2006  was 152.89 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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