RNS Number:8960S
Intl. Biotechnology Trust PLC
04 December 2003

FOR IMMEDIATE RELEASE                              04-Dec-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 2nd December 2003 was 109.49 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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