RNS Number:7458L
Intl. Biotechnology Trust PLC
30 May 2003

                                                                     30 May 2003


                      Purchase of Shares For Cancellation

International Biotechnology Trust plc announces that on 29 May 2003 the Company
purchased a total of 500,000 shares for cancellation at a price of 74.00 pence
per share. Following this purchase, there are a further 48,115,467 shares in
issue.



Enquiries:

John Spedding
Schroder Investment Management Limited          Tel: 020 7658 3206


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            The company news service from the London Stock Exchange
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