Hldg by Equitable Life Ass.

Finsbury Technology Trust PLC
3 November 1999

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

FINSBURY TECHNOLOGY TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

THE EQUITABLE LIFE ASSURANCE SOCIETY

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

AS IN 2

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

THE EQUITABLE LIFE ASSURANCE SOCIETY               3,250,000
THE EQUITABLE LIFE ASSURANCE SOCIETY A/C 124           6,000

5)   Number of shares/amount of stock acquired.

NIL

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

500,000

8)   (1.88%) of issued Class

9)   Class of security

ORDINARY 25P

10)  Date of transaction

02/11/99

11)  Date company informed

02/11/99

12)  Total holding following this notification

3,256,000
              
            
13)  Total percentage holding of issued class following this notification

12.27%

14)  Any additional information



15)  Name of contact and telephone number for queries

DAVID FALLON          0171-397 6987

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification .3 NOVEMBER 1999.....