Result of AGM

Finsbury Technology Trust PLC
06 April 2006

                                                                    NEWS RELEASE
                                                                    6 APRIL 2006


                         Finsbury Technology Trust PLC

                               Results of the AGM


The Company is pleased to announce that at the Annual General Meeting held on 6
April 2006 all resolutions put to the meeting were duly passed.


Resolutions

 1. To receive and consider the audited accounts and the Report of the Directors
    for the year ended 30 November 2005.

 2. To elect John Cornish, as a Director of the Company.

 3. To re-elect Paul Gaunt, who retires by rotation, as a Director of the
    Company.

 4. To re-elect Dr Chris Martin, who retires by rotation, as a Director of the
    Company.

 5. To re-elect Anthony Townsend, as a Director of the Company.

 6. To re-appoint RSM Robson Rhodes LLP as auditors and to authorise the
    Directors to determine their remuneration.

 7. To approve the Directors' Remuneration Report.

 8. To authorise the Directors to allot securities in the Company.

 9. To disapply the rights of pre-emption in relation to the allotment of
    securities contained in section 89 of the Companies Act 1985.

10. To authorise the Company to make market purchases of ordinary shares in the
    Company


                                    - ENDS-



For further information please contact:

Tracey Lago          Close Finsbury Asset Management Limited       020 7426 6219
Jo Stonier           Quill Communications                          020 7758 2230




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