RNS Number:3058S
Intl. Biotechnology Trust PLC
20 November 2003

FOR IMMEDIATE RELEASE 20-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 18th November 2003 was 107.06 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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            The company news service from the London Stock Exchange
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