Holding(s) in Company

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying      FINSBURY TECHNOLOGY TRUST PLC 
issuer of existing shares to which voting rights                               
are attached:                                                                  
                                                                               
2. Reason for the notification (please tick the appropriate box or             
boxes):                                                                        
                                                                               
An acquisition or disposal of voting rights                                    
                                                                               
An acquisition or disposal of financial instruments which may result in        
the acquisition of shares already issued to which voting rights are            
attached                                                                       
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify): NOTIFICATION OF HOLDING AT 20 JANUARY 2007         X   
                                                                               
3. Full name of person(s) subject to the              JP MORGAN CHASE & CO     
notification obligation:                                                       
                                                                               
4. Full name of shareholder(s) (if different       JP MORGAN ASSET MANAGEMENT  
from 3.):                                                 (UK) LIMITED         
                                                                               
5. Date of the transaction and date on which the              N/A              
threshold is crossed or reached:                                               
                                                                               
6. Date on which issuer notified:                       14 FEBRUARY 2007       
                                                                               
7. Threshold(s) that is/are crossed or reached:                5%              
                                                                               
8. Notified details: N/A                                                       

A: Voting rights attached to shares                                            
                                                                               
Class/type  Situation         Resulting situation after the triggering         
of shares   previous to the   transaction                                      
            Triggering                                                         
if possible transaction                                                        
using the                                                                      
ISIN CODE                                                                      
                                                                               
                                                                               

            Number of    Number   Number of Number of voting   % of voting rights        
            Shares       of       shares    rights ix                                    
                         Voting                                                          
                         Rights   Direct    Direct x Indirect  Direct    Indirect        
                         viii                        xi                                  
                                                                             
GB0003390720   N/A       N/A      0         0        1,400,000 0         5.79%  

B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction xii                       
                                                                               
Type of         Expiration  Exercise/          Number of voting    % of voting 
financial       date xiii   Conversion Period/ rights that may be  rights      
instrument                  Date xiv           acquired if the                 
                                               instrument is                   
                                               exercised/                      
                                               converted.                      
                                                                               
N/A             N/A        N/A                 N/A                 N/A         

Total (A+B)                                                                    
                                                                               
Number of voting rights                % of voting rights                      
1,400,000                              5.79%                  

9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable xv:                  
                                                                               
TOTAL DISCLOSABLE HOLDING FOR JP MORGAN CHASE & CO: 1,400,000 VOTING RIGHTS    
(5.79%)                                                                        
                                                                               
HOLDINGS BY CONTROLLED UNDERTAKINGS OF JP MORGAN CHASE & CO ARE AS FOLLOWS:    
                                                                               
JP MORGAN ASSET MANAGEMENT (UK) LIMITED: 1,400,000 VOTINGS RIGHTS (5.79%)      

Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                                     N/A          
                                                                               
11. Number of voting rights proxy holder will cease to            N/A          
hold:                                                                          
                                                                               
12. Date on which proxy holder will cease to hold                 N/A          
voting rights:                                                                 

13. Additional information:       THIS NOTIFICATION OF DISCLOSABLE HOLDINGS AS 
                                  AT 20 JANUARY 2007. PLEASE NOTE THE GROUP HAS
                                  OTHER HOLDINGS WHICH ARE COVERED BY          
                                  EXEMPTIONS.                                  
                                                                               
                                  THE HOLDING AS A PERCENTAGE IS BASED ON THE  
                                  ISSUED SHARE CAPITAL AS AT 20 JANUARY 2007 OF
                                  24,177,312.                                  
                                                                               
14. Contact name:                 COMPANY SECRETARIAL DEPARTMENT        
                                                                               
15. Contact telephone number:     020 7426 6219