RNS Number:1950R
Intl. Biotechnology Trust PLC
22 October 2003

FOR IMMEDIATE RELEASE                              22-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 21st October 2003 was 114.44 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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