Portfolio Update

4 December 2006

                         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  
                                                                               
                                              30 November 2006                 
                                                                               
None                                                None               None    

  * The ten largest investments held by the Company comprise the following:
   
Company Name                               Value of Investment as      % of    
                                                     at             Portfolio  
                                                                               
                                              30 November 2006                 
                                                                               
MAMUT ASA NOK0.50                                2,094,635             3.80    
                                                                               
IMAGINATION TECHNOLOGIES ORD GBP0.10             2,065,742             3.74    
                                                                               
CISCO SYSTEMS COM USD0.001                       1,792,130             3.25    
                                                                               
LBI INTERNATIONAL AB SEK NPV                     1,700,650             3.08    
                                                                               
PARAMETRIC TECHNOLOGY COM USD0.01                1,505,858             2.73    
                                                                               
ASM INTERNATIONAL NV EUR0.04(USA LINE)           1,450,333             2.63    
                                                                               
VERISIGN COM STK USD0.001                        1,435,112             2.60    
                                                                               
PHOTO ME INTERNATIONAL ORD GBP0.005              1,360,612             2.47    
                                                                               
MELEXIS EUR NPV                                  1,359,161             2.46    
                                                                               
ALTERA CORPORATION COM USD0.001                  1,339,112             2.43    

For further information please contact:

Mark Pope

Close Investments Limited

Company Secretary

Telephone: [phone]