Net Asset Value(s)

Intl. Biotechnology Trust PLC
17 August 2005

FOR IMMEDIATE RELEASE             17-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 Tuesday 16th August 2005  was 118.97 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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