Portfolio Update

2 March 2007

                         FINSBURY TECHNOLOGY TRUST PLC                         

                                (the "Company")                                

                           STATEMENT OF INVESTMENTS                            

In compliance with the Listing Rules - Chapter 21 Investment Entities (I)(ii),
the Company discloses the following:

  * Investments valuing greater than 5% of the Company's gross assets comprise
    the following:
   
Company Name                               Value of Investment as      % of    
                                                     at             Portfolio  
                                                                               
                                              28 February 2007                 
                                                                               
UK TREASURY 8.5% 16/07/07                        4,906,260             8.55    

  * The ten largest investments held by the Company comprise the following:
   
Company Name                               Value of Investment as      % of    
                                                     at             Portfolio  
                                                                               
                                              28 February 2007                 
                                                                               
UK TREASURY 8.5% 16/07/07                        4,906,260             8.55    
                                                                               
IMAGINATION TECHNOLOGIES ORD GBP0.10             2,497,862             4.35    
                                                                               
LBI INTERNATIONAL AB SEK NPV                     1,991,707             3.47    
                                                                               
PARAMETRIC TECHNOLOGY COM USD0.01                1,886,579             3.29    
                                                                               
VERISIGN COM STK USD0.001                        1,873,763             3.26    
                                                                               
MAMUT ASA NOK0.50                                1,785,968             3.11    
                                                                               
CISCO SYSTEMS COM USD0.001                       1,733,966             3.02    
                                                                               
ASM INTERNATIONAL NV EUR0.04(USA LINE)           1,589,080             2.77    
                                                                               
TANDBERG TELEVISION NOK2                         1,579,000             2.75    
                                                                               
RED HAT COM STK USD0.0001                        1,442,113             2.51    

For further information please contact:

Mark Pope

Close Investments Limited

Company Secretary

Telephone: [phone]