Transaction in Own Shares

For immediate release

                                                               22 November 2006

                         FINSBURY TECHNOLOGY TRUST PLC                         

                                (the "Company")                                

                    MARKET PURCHASE OF COMPANY'S OWN SHARES                    

Notification is given, pursuant to the authority granted at the Extraordinary
General Meeting of the Company held on 9 January 2006 to make market purchases
of the Company's own shares up to an aggregate maximum of 3,871,214, that a
market total of 30,000 Ordinary shares of 25p each in the capital of the
Company were purchased yesterday for cancellation by the Company yesterday at a
price of 216.50p per share.

The number of Ordinary shares that the Company has in issue, less the total
number of Ordinary shares repurchased for cancellation, is 24,280,312. 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:

Mark Pope

Close Finsbury Asset Management Limited

Tel: [phone]

Nathan Brown

Winterflood Securities - Corporate Stockbroker

Tel: [phone]