RNS Number:5045U
Intl. Biotechnology Trust PLC
21 January 2004


FOR IMMEDIATE RELEASE                              21-Jan-04

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 20th January 2004 was 114.47 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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