Net Asset Value(s)

Intl. Biotechnology Trust PLC
04 May 2006

FOR IMMEDIATE RELEASE                                  04-Apr-06


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 2nd May 2006  was 147.00 pence.


By Order of the Board

Schroder Investment Management Limited

Secretaries


Enquiries :

International Biotechnology Trust plc       Terry Croft       020 7658 3953



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