RNS Number:3765N
Intl. Biotechnology Trust PLC
09 July 2003

FOR IMMEDIATE RELEASE  09-Jul-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 8th July 2003 was 107.64 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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