Portfolio Update

Finsbury Technology Trust PLC
02 September 2004



                                                                2 September 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 as at      % of Portfolio
                                                                     31 August 2004
None                                                                      None                      None


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

Company Name                                                    Value of Investment as at      % of Portfolio
                                                                     31 August 2004

Tecnomatix Technologies                                                 2,054,434                   3.77
Superscape Group                                                        1,740,324                   3.19
Digital River                                                           1,686,234                   3.09
UK Treasury                                                             1,573,588                   2.89
Samsung Electronics                                                     1,564,112                   2.87
Mamut                                                                   1,525,011                   2.80
Gresham Computing                                                       1,471,350                   2.70
Photo Me International                                                  1,447,000                   2.65
Verisign                                                                1,317,235                   2.42
Juniper Networks                                                        1,214,794                   2.23


                                    - 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