RNS Number:5321Q
Intl. Biotechnology Trust PLC
03 October 2003


FOR IMMEDIATE RELEASE                              03-Oct-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 30th September 2003 was 112.92 pence.


The unaudited net assets at 30 September 2003 was #54 million which includes
unquoted investments valued at #22.3 million.


By Order of the Board

Schroder Investment Management Limited

Secretaries




Enquiries :

International Biotechnology Trust plc    Stephen Cunningham 020 7658 3287


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