Holding in Company

Finsbury Technology Trust PLC


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     Finsbury Technology Trust PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     Lazard Asset Management

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

     Non-beneficial interest

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

     Not given

5)   Number of shares/amount of stock acquired.

     nil

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     not given

8)   (not given%) of issued Class

9)   Class of security

     25p ordinary 

10)  Date of transaction

     not given

11)  Date company informed

     21 February 2000

12)  Total holding following this notification


     4,215,000          
              
13)  Total percentage holding of issued class following this notification

     15.87%

14)  Any additional information



15)  Name of contact and telephone number for queries

     David Fallon
     426 6235

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


     Date of Notification ...  21 February 2000