Transaction in Own Shares

Finsbury Technology Trust PLC
15 December 2005

                                                           For immediate release
                                                                15 December 2005

                          FINSBURY TECHNOLOGY TRUST PLC
                                (the "Company")

                    MARKET PURCHASE OF COMPANY'S OWN SHARES

Notification is given pursuant to the authority granted at the Annual General
Meeting of the Company held on 26 April 2005 to make market purchases of the
Company's own shares up to an aggregate maximum of 4,139,535. That a market
total of 190,000 Ordinary shares of 25p each in the capital of the Company were
purchased for cancellation by the Company today at a price of 220.00p per share.

The number of Ordinary shares that the Company has in issue, less the total
number of Ordinary shares repurchased for cancellation is 25,635,312. The
Company does not currently hold any Ordinary shares in treasury.


For and on behalf of
Close Finsbury Asset Management Limited
Company Secretary


For further information, please contact:

Tracey Lago
Close Finsbury Asset Management Limited
Tel: [phone]

Nathan Brown
Winterflood Securities - Corporate Stockbroker
Tel: [phone]


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