Net Asset Value(s)

Intl. Biotechnology Trust PLC
03 August 2006


          FOR IMMEDIATE RELEASE                                   03-Aug-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 Monday 31st July 2006  was 136.36 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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