Portfolio Update

Finsbury Technology Trust PLC
04 September 2006

                                                                4 September 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 at      % of Portfolio
                                                                     31 August 2006

None                                                                      None                      None


• The ten largest investments held by the Company comprise the following:


Company Name                                                    Value of Investment as at      % of Portfolio
                                                                     31 August 2006

MAMUT ASA NOK0.50                                                       2,300,726                   4.26
LBI INTERNATIONAL AB SEK NPV                                            1,813,212                   3.36
AKAMAI TECHNOLOGIES COM USD0.01                                         1,718,084                   3.18
IMAGINATION TECHNOLOGIES ORD GBP0.10                                    1,665,241                   3.08
PHOTO ME INTERNATIONAL ORD GBP0.005                                     1,536,988                   2.84
CISCO SYSTEMS COM USD0.001                                              1,514,439                   2.80
ALTERA CORPORATION COM USD0.001                                         1,408,485                   2.61
PARAMETRIC TECHNOLOGY COM USD0.01                                       1,295,685                   2.40
MELEXIS EUR NPV                                                         1,278,029                   2.36
TANDBERG TELEVISION NOK2                                                1,265,900                   2.34


                                    - ENDS -

For further information please contact:
Tracey Lago
Close Finsbury Asset Management Limited
Company Secretary
Telephone: [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange