Holding in Company

FINSBURY TECHNOLOGY TRUST PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

    FINSBURY TECHNOLOGY TRUST PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

    AXA S.A.

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

     AS IN 2

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.
   
     SMITH & WILLIAMSON NOMINEES LTD A/C S66      38,500
     RBSTB NOMINEES LTD A/C SUNPEN                72,930

5)  Number of shares/amount of stock acquired.

     NIL

6)  ( N/A %) of issued Class

     N/A%

7)  Number of shares/amount of stock disposed

     NOT GIVEN

8)  ( N/A %) of issued Class
     N/A

9)  Class of security

      25p ORDINARY

10) Date of transaction

     07/10/99

11) Date company informed

     13/10/99

12) Total holding following this notification

     111,430

13) Total percentage holding of issued class following this notification

     0.42% (CEASED TO HAVE NOTIFIABLE INTEREST)

14) Any additional information

THIS NOTIFICATION RESULTS FROM THE DISPOSAL OF GUARDIAN ROYAL EXCHANGE PLC'S
LIFE AND PENSION FUND BUSINESS BY AXA S.A. ON 07/10/99.

15) Name of contact and telephone number for queries

    DAVID FALLON    0171 - 397 6987
    REA BROTHERS LIMITED, SECRETARY

16) Name and signature of authorised company official responsible for making
    this notification
                             NATHAN BROWN              DAVID FALLON
                             AUTHORISED SIGNATORY      AUTHORISED SIGNATORY
                             REA BROTHERS LTD - SECRETARY
                        

    Date of Notification..13 OCTOBER 1999......................