RNS Number:8513M
Intl. Biotechnology Trust PLC
26 June 2003

FOR IMMEDIATE RELEASE                              26-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 24th June 2003 was 102.86 pence.

The net asset value reflects a write-up of Essential Therapeutics.



By Order of the Board

Schroder Investment Management Limited

Secretaries



Enquiries :

International Biotechnology Trust plc     Stephen Cunningham 020 7658 3287


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