RNS Number:4068P
Intl. Biotechnology Trust PLC
04 September 2003


FOR IMMEDIATE RELEASE                                                  04-Sep-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 Friday 29th August 2003 was 113.08 pence.

The unaudited net assets at 29 August 2003 was #54.1 million which includes
unquoted investments valued at #22.7 million.


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
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