RNS Number:8953N
Intl. Biotechnology Trust PLC
23 July 2003


FOR IMMEDIATE RELEASE                                                  23-Jul-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 22nd July 2003 was 108.72 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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