Schedule 10

Finsbury Technology Trust PLC
6 September 2000

                           SCHEDULE 10 ANNOUNCEMENT
                                       
Disclosure of interest in shares and notifications of dealings under the Stock
Exchange requirements


1. Name of Company                    2. Name of Shareholder having a
                                         substantial interest
                                                    
Finsbury Technology Trust PLC            The Equitable Life Assurance
                                         Society


3. Please state whether               4. Name of the registered
   notification indicates that it is     holder(s) and, if more than one
   in respect of holding of the          holder, the number of shares held
   Shareholder named in 2 above or       by each of them
   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                        

   As in 2                               As in 2


5. Number of        6. Percentage of    7. Number of          8. Percentage of
   shares/amount of    issued Class        shares/amount of      issued Class
   stock acquired                          stock disposed   
                                                             
   Nil                 N/A                 200,000               0.75%
                         

9. Class of security               10. Date of            11. Date company
                                       transaction            informed
   Ordinary 25p                                                 
                                       4/9/00                 6/9/00


12. Total holding following this        13. Total percentage holding of
    notification                            issued class following this
                                            notification
                                                    
    1,950,000                               7.34%