Holding(s) in Company

Finsbury Life Sciences Inv Tst PLC
28 May 2002



                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Finsbury Life Sciences Investment Trust PLC

2) Name of shareholder having a major interest

Exeter Asset Management Limited

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or 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

Notification in respect of portfolios under the management of Exeter Asset
Management Limited

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Not stated

5) Number of shares/amount of stock acquired

Exeter Managed Growth Fund          500,000

Exeter Global Opportunities Fund    100,000

Exeter Capital Growth Fund          150,000

                                    750,000

6) Percentage of issued class

2.49%

7) Number of shares/amount of stock disposed

n/a

8) Percentage of issued class

n/a

9) Class of security

Ordinary shares of 25p each

10) Date of transaction

27 May 2002

11) Date company informed

28 May 2002

12) Total holding following this notification

Exeter Managed Growth Fund          500,000

Exeter Global Opportunities Fund    300,000

Exeter Capital Growth Fund          750,000

                                  1,550,000


13) Total percentage holding of issued class following this notification

5.15%

14) Any additional information

none

15) Name of contact and telephone number for queries

David Fallon

Close Finsbury Asset Management Limited

Secretary

Tel: [phone]

28 May 2002



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