Holding(s) in Company

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying     FINSBURY TECHNOLOGY TRUST PLC  
issuer of existing shares to which voting                                      
rights are attached:                                                           
                                                                               
2. Reason for the notification (please tick the appropriate box or             
boxes):                                                                        
                                                                               
An acquisition or disposal of voting rights                              x     
                                                                               
An acquisition or disposal of financial instruments which may result           
in the acquisition of shares already issued to which voting rights             
are attached                                                                   
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify): INITIAL HOLDING ON IMPLEMENTATION OF                   
TRANSPARENCY DIRECTIVE                                                         
                                                                               
3. Full name of person(s) subject to the          RELIANCE MUTUAL INSURANCE    
notification obligation:                                 SOCIETY LTD           
                                                                               
4. Full name of shareholder(s) (if different                  -                
from 3.):                                                                      
                                                                               
5. Date of the transaction and date on which            7 MARCH 2007           
the threshold is crossed or reached:                                           
                                                                               
6. Date on which issuer notified:                       8 MARCH 2007           
                                                                               
7. Threshold(s) that is/are crossed or reached:            OVER 5%             
                                                                               
8. Notified details: N/A                                                       

A: Voting rights attached to shares                                            
                                                                               
Class/type  Situation         Resulting situation after the triggering         
of shares   previous to the   transaction                                      
            Triggering                                                         
if possible transaction                                                        
using the                                                                      
ISIN CODE                                                                      
                                                                               
                                                                               

Number of    Number   Number of Number of voting    % of voting              
Shares       of       shares    rights ix           rights                   
             Voting                                                          
             Rights   Direct    Direct x  Indirect  Direct   Indirect        
             viii                         xi                                 
                                                                             
25p ORDINARY 760,000   760,000  1,260,000 N/A       N/A      5.26%    N/A    
                                                                             
GB0003390720                                                                 

B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction xii                       
                                                                               
Type of         Expiration  Exercise/          Number of voting    % of voting 
financial       date xiii   Conversion Period/ rights that may be  rights      
instrument                  Date xiv           acquired if the                 
                                               instrument is                   
                                               exercised/                      
                                               converted.                      
                                                                               
      N/A       N/A                N/A         N/A                 N/A         

Total (A+B)                                                                    
                                                                               
Number of voting rights                % of voting rights                      
                                                                               
              1,260,000                                  5.26                  

9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable xv:                  
                                                                               
-                                                                              

Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                                  N/A             
                                                                               
11. Number of voting rights proxy holder will                  N/A             
cease to hold:                                                                 
                                                                               
12. Date on which proxy holder will cease to hold              N/A             
voting rights:                                                                 

13. Additional information:         PERCENTAGE HELD BASED ON THE ISSUED SHARE  
                                          CAPITAL OF 23,933,812 SHARES         
                                                                               
14. Contact name:                        Company Secretarial Department        
                                                                               
15. Contact telephone number:                     020 7426 6294