AGM Statement

Finsbury Technology Trust PLC
26 April 2005

                                                                    NEWS RELEASE
                                                                   26 APRIL 2005


                         Finsbury Technology Trust PLC

                               Results of the AGM


The Company is pleased to announce that at the Annual General Meeting held on 26
April 2005 all resolutions put to the meeting were duly passed.

Resolutions

 1. To receive and consider the audited accounts and the Report of the Directors
    for the year ended 30 November 2004.

 2. To re-elect Paul Gaunt, who retires by rotation, as a Director of the
    Company.

 3. To re-elect Dr David Potter, as a Director of the Company.

 4. To re-elect Anthony Townsend, as a Director of the Company.

 5. To re-appoint RSM Robson Rhodes LLP as auditors and to authorise the
    Directors to determine their remuneration.

 6. To approve the Directors' Remuneration Report.

 7. To authorise the Directors to allot securities in the Company.

 8. To disapply the rights of pre-emption in relation to the allotment of
    securities contained in section 89 of the Companies Act 1985.

 9. To authorise the Company to make market purchases of ordinary shares in the
    Company

                                    - ENDS-


For further information please contact:

Tracey Lago          Close Finsbury Asset Management Limited       020 7426 6219
Jo Stonier           Quill Communications                          020 7763 6977



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