RNS Number:9008O
Intl. Biotechnology Trust PLC
20 August 2003

FOR IMMEDIATE RELEASE                                                  20-Aug-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 19th August 2003 was 109.91 pence.


By Order of the Board

Schroder Investment Management Limited

Secretaries


Enquiries :

International Biotechnology Trust plc           Stephen Cunningham 020 7658 3287


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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