Portfolio Update

Finsbury Technology Trust PLC
02 June 2006



                                                                     2 June 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 May 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 May 2006
MAMUT ASA NOK0.50                                                       2,215,875                   3.86
FRAMTIDSFABRIKEN SEK0.05                                                2,008,183                   3.50
APPLIED FILMS COM NPV                                                   1,954,337                   3.41
TANDBERG TELEVISION NOK2                                                1,684,681                   2.94
SONICWALL COM STK USD NPV                                               1,581,216                   2.76
AKAMAI TECHNOLOGIES COM USD0.01                                         1,549,200                   2.70
UK TREASURY 8.5% 16/07/07                                               1,395,878                   2.43
ALTERA CORPORATION COM USD0.001                                         1,384,973                   2.41
CISCO SYSTEMS COM STK USD0.001                                          1,377,695                   2.40
VANCO ORD GBP0.05                                                       1,365,275                   2.38







                                    - 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