Portfolio Update

Finsbury Technology Trust PLC
02 June 2004


                         FINSBURY TECHNOLOGY TRUST PLC
                                (the "Company")

                           STATEMENT OF INVESTMENTS

In compliance with the Listing Rules - Chapter 21 Investment Entities (I)(ii),
the Company discloses the following:

  • Investments valuing greater than 5% of the Company's gross assets comprise
    the following:


Company Name                                                 Value of Investment at date of    % of Portfolio
                                                                    this announcement

None                                                                      None                      None


  • The ten largest investments held by the Company comprise the following:

Company Name                                                 Value of Investment at date of    % of Portfolio
                                                                    this announcement

Tecnomatix Technologies                                                 2,326,415                   3.65
Digital River                                                           2,162,366                   3.40
Gresham Computing                                                       1,780,045                   2.80
Samsung Electronics                                                     1,759,581                   2.76
AIT Group                                                               1,609,800                   2.53
Superscape Group                                                        1,528,999                   2.40
Photo Me International                                                  1,357,012                   2.13
Verisign                                                                1,349,403                   2.12
Utstarcom                                                               1,346,798                   2.11
Vishay Intertechnology                                                  1,321,736                   2.08


                                    - ENDS -

For further information please contact:
Tracey Lago
Close Finsbury Asset Management Limited
Company Secretary
Telephone: [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange