Holding in Company

Finsbury Technology Trust PLC
29 November 1999

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

FINSBURY TECHNOLOGY TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

MERCHANT INVESTORS ASSURANCE COMPANY LTD

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

BENEFICIAL INTEREST

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

THE BANK OF NEW YORK (NOMINEES) LTD

5)   Number of shares/amount of stock acquired.

N/A

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

100,000

8)   ( 0.37%) of issued Class

9)   Class of security

25P ORDINARY

10)  Date of transaction

25 NOVEMBER 1999

11)  Date company informed

29 NOVEMBER 1999

12)  Total holding following this notification

1,252,557
               
              
13)  Total percentage holding of issued class following this notification

4.71%

14)  Any additional information



15)  Name of contact and telephone number for queries

DAVID FALLON 0171 397 6987
REA BROTHERS LIMITED, SECRETARY

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

     Date of Notification ... 29 NOVEMBER 1999