RNS Number:8378R
Intl. Biotechnology Trust PLC
07 November 2003


FOR IMMEDIATE RELEASE                                                  07-Nov-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 4th November 2003 was 112.01 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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