International Biotechnology Trust plc (IBT) Ordinary 25p Shares

International Biotechnology Trust plc is a United Kingdom-based investment trust company. The Company’s investment objective is to achieve long-term capital growth by investing in biotechnology and other life sciences companies. It seeks to achieve its objective by investing in a diversified portfolio of companies which may be quoted or unquoted and whose shares are considered to have good growth prospects, with suitably experienced management and potential upside through the development and/or commercialization of a product, device or enabling technology. Its investments may also be made in related sectors, such as medical devices and healthcare services. It may invest through equities, index-linked securities and debt securities, cash deposits, money market instruments and foreign currency exchange transactions. Schroder Investment Management Limited is the investment manager of the Company. Schroder Unit Trusts Limited is the alternative investment fund manager of the Company.