Purchase of Own Securities

Intl. Biotechnology Trust PLC
07 August 2003

                                                                   7 August 2003


                      Purchase of Shares For Cancellation


International Biotechnology Trust plc announces that on 6 August 2003 the
Company purchased a total of 300,000 shares for cancellation at a price of 81.00
pence per share. Following this purchase, there are a further 47,815,467 shares
in issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]


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