RNS Number:4330T
Intl. Biotechnology Trust PLC
18 December 2003

FOR IMMEDIATE RELEASE                              18-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 16th December 2003 was 105.80 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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