RNS Number:5993M
Intl. Biotechnology Trust PLC
20 June 2003

FOR IMMEDIATE RELEASE                                          20-Jun-03



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 17th June 2003 was 106.41 pence.




By Order of the Board

Schroder Investment Management Limited

Secretaries










Enquiries :

International Biotechnology Trust plc        Stephen Cunningham 020 7658 3287






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