Requisition of EGM by Shareholder

Intl. Biotechnology Trust PLC
24 May 2000


          International Biotechnology Trust plc

The   Board  of  International  Biotechnology  Trust  plc
received   on  22nd  May  2000  a  requisition   from   a
shareholder,  holding some 10.06 per cent of  the  issued
share  capital, requesting that the Directors convene  an
extraordinary  general  meeting  of  the  Company.    The
principal  business  of this meeting  is  to  consider  a
resolution  that the Directors should, within two  months
of   the  EGM,  put  proposals  to  shareholders  for   a
reorganisation  or  reconstruction of  the  Company  that
would  enable shareholders to realise the whole of  their
investment  at  a  price  related  to  net  asset  value.
Resolutions to remove three of the Directors are also  to
be considered.

The  Board has met to consider this requisition and  will
be writing to shareholders shortly with its view on these
proposals.


Enquiries:
Peter Moorhouse/ 
Melville Trimble            Merrill Lynch 020 7772 1000  
Sue Charles                HCC de Facto 020 7496 3312