Holding in Company

Finsbury Technology Trust PLC
21 July 2000


                  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

75,000

8)   ( 0.3 %) of issued Class

9)   Class of security

25p ORDINARY


10)  Date of transaction

20 JULY 2000


11)  Date company informed

21 JULY 2000


12)  Total holding following this notification

740,657
               
              
13)  Total percentage holding of issued class following this notification

2.8%


14)  Any additional information

CEASED TO HAVE NOTIFIABLE INTEREST


15)  Name of contact and telephone number for queries

LOUISE HAYWARD  020 7426 6219


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

     Date of Notification ... 21 JULY 2000 ........