Net Asset Value(s)

Intl. Biotechnology Trust PLC
28 July 2006

          FOR IMMEDIATE RELEASE                    28-Jul-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 25th July 2006  was 137.65 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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