RNS Number:5504S
Intl. Biotechnology Trust PLC
26 November 2003


FOR IMMEDIATE RELEASE                                             26-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 25th November 2003 was 108.61 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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