The information on this site is issued by International Biotechnology Trust Plc (“IBT”), whose registered office is at 31 Gresham Street, London, EC2V 7QA.  IBT is registered in England: No.  2892872.

The information contained on IBT's website is not intended to be construed as  an offer, inducement, invitation to engage in investment activity, or investment advice or recommendation, in respect of the shares of IBT, and should not be relied upon as such by any person. Visitors to this site are encouraged to seek individual advice from their personal, financial, legal and other advisers before making any investment decision.

The information contained on IBT's website is provided for general information for persons in the UK and is not comprehensive and has not been prepared for any other purpose.

Risk Considerations
You should remember that the value of investments, and the income from them, may go down as well as up, and is not guaranteed, and investors may not get back the amount of money invested. Past performance cannot be relied on as a guide to future performance. Exchange rates changes may cause the value of overseas investments or investments denominated in different currencies to rise or fall.
Investors should bear in mind that investment in biotechnology shares can be subject to risks not normally associated with more developed markets or stocks. Investing in the biotechnology sector carries some particular risks and investment in IBT should be regarded both as long term and as carrying a high level of financial risk.

In addition, there is no guarantee that the market price of shares in investment trusts will fully reflect their underlying net asset value and it is not uncommon for the market price of such shares to trade at a substantial discount to their net asset value.

These are not all the risks of an investment in IBT. Investors should take advice from their own independent, professional financial advisers before making an investment decision and are responsible for ascertaining any income tax or other tax consequences which may affect their acquisition of any investment.

Accuracy of Information
Although IBT has taken all reasonable care that the information contained within this website is accurate at the time of publication, no representation or warranty (including liability towards third-parties), expressed or implied, is made as to its accuracy or completeness or fitness for any purpose by IBT, or their contractual partners. Under no circumstances will IBT or its subsidiaries be liable for any direct, indirect, incidental, special or consequential loss or damages caused by reliance on this information or for the risks inherent in the financial markets.

To the maximum extent permitted by applicable law and regulatory requirements, IBT specifically disclaims any liability for errors, inaccuracies or omissions on its website and for any loss or damage resulting from its use, whether caused by negligence or otherwise. Viewers agree to assume responsibility for determining whether any legal or regulatory considerations limit access to or use of information, services or products described on IBT's website and for the use of any information on such website.

Linked Websites
IBT's website may contain or be linked to websites, advice or statements of third parties and such links are for information purposes only. IBT make no representation as to the accuracy or timeliness of such information, has not and will not review or update such information and cautions viewers that any use made of such information is at their own risk. IBT do not take responsibility for the contents of such other websites and the use of such websites is at your own risk.

Sales Restrictions
Access to the information contained within this website may be restricted by laws and regulations applicable to the user. The information in this website does not constitute either an offer to sell or a solicitation or an offer to buy in a country in which this type of offer or solicitation is unlawful, or in which a person making such an offer or solicitation does not hold the necessary authorisation to do so, or at all. Accordingly, persons accessing the information on this website are responsible themselves for ascertaining the legal requirements which would affect their acquisition of any investment, including any foreign exchange control requirements.

USA
Shares in IBT have not been and will not be registered under the US Securities Act of 1933 for offer or sale and IBT has not been and will not be registered under the US Investment Company Act of 1940. No offer to sell securities in the US or elsewhere is made by this web site, nor is an offer to purchase securities solicited.

Australia /Canada / Hong Kong/Singapore
Shares in IBT are not registered for sale in Australia, Canada, Hong Kong or Singapore and may not be sold, offered or delivered in those countries.

Other countries
As a general rule, the shares of IBT may not be sold, offered or delivered in any other countries without registration. The information contained on this website is therefore not directed at specific persons, but to readers in the UK who are generally interested in IBT.

Other Information
Copyright International Biotechnology Trust Plc 2007. All copyright, patent, intellectual and other property rights in the information contained herein, are held by International Biotechnology Trust Plc. No rights of any kind are licensed or assigned or shall otherwise pass to persons accessing this information.