One way to invest in biotechs.NAV continues to rise as does share price.

Another good sign.Directors continue to buy!

RNS Number:6111L
Intl. Biotechnology Trust PLC
28 May 2003

NOTIFICATION OF INTEREST OF DIRECTORS AND CONNECTED

PERSONS

All relevant boxes should be completed in block capital letters.

1. Name of company 2. Name of director
International Biotechnology Trust plc Andrew Barker


3. Please state whether notification indicates that it 4. Name of registered holder(s) and, if more than one
is in respect of holding of the director named in 2 holder, the number of shares held by each of them
above or holding of that person's spouse or children (if notified)
under the age of 18 or in respect of a
non-beneficial interest


Director Rock Nominees Limited

5. Please state whether notification relates to a 6. Please state the nature of the transaction. For PEP
person(s) connected with the director named in 2 transactions please indicate whether general/single
above and identify the connected person(s) co PEP and if discretionary/non discretionary
N/A Market Purchase

7. Number of shares/amount 8. Percentage of issued 9. Number of shares/ 10. Percentage of issued
of stock acquired class amount of stock class
disposed
25,000 0.051% - -

11. Class of security 12. Price per share 13. Date of transaction 14. Date company informed
Ordinary Shares 73.00p 28 May 2003 28 May 2003

15. Total holding following this notification 16. Total percentage holding of issued class following
this notification
70,000 Ordinary Shares 0.14%


If a director has been granted options by the company please complete the
following boxes.

17. Date of grant 18. Period during which or date on which exercisable



19. Total amount paid (if any) for grant of the option 20. Description of shares or debentures involved:
class, number



21. Exercise price (if fixed at time of grant) or 22. Total number of shares or debentures over which
indication that price is to be fixed at time of options held following this notification
exercise


23. Any additional information 24. Name of contact and telephone number for queries.

John Spedding Tel: 020 7658 3206

25. Name and signature of authorised company official responsible for making this notification

Date of notification 28 May 2003
John Spedding

For SCHRODER INVESTMENT MANAGEMENT LIMITED

Secretaries




This information is provided by RNS
The company news service from the London Stock Exchange
END

RDSUWSAROSRVUAR

More big buys 50K @ 78p. NAV moved above 100p.

Intl. Biotechnology Trust PLC
30 May 2003
Purchase of Shares For Cancellation

International Biotechnology Trust plc announces that on 29 May 2003 the Company
purchased a total of 500,000 shares for cancellation at a price of 74.00 pence
per share. Following this purchase, there are a further 48,115,467 shares in
issue.

Up 9.5%.

Creeping back up 80/84.

down 1/2p today but the latest Nav has increased to 110p it is a bargain at current price.

Should be a good investment, it's mainly invested in US bios and would you believe, I paid 3.50 3yrs ago.. Whoops! but I believe it should recover slowly, I wish it'd get a move on. :)

It's starting to get a move on!! now that interest is back in Bio's

Interest in Biotechnolgy stocks is returning and one holding of Int Bio's is already worth 10m, still a long way to go I think and a great time to buy.

Good article in Moneyweek - int bio has 35 holdings and managed by an expert in bio field, mainly US bios with explosive growth opps. Currently trading at 26% disc to NAV and when bios back in favour as news flows, these can trade at a premium, so hope to see these back at 3 in next couple of yrs

I have been holding these for many years and have added some more recently. The Trust is still at around 10% discount to NAV and is mainly invested in the USA. Highly illiquid and risky but going upwards strongly. Wish I had bought many more when I did 10 years ago, but I still think this has a long way to go given the rapidly growing need for bio and life science applications, especially with older populations. Also several of the companies they are holding could be prey for larger pharmas imho, please dyor, H

Still very much heading north, mentioned in IC a couple of weeks ago. H