Portfolio Update

Finsbury Technology Trust PLC
02 June 2005



                                                                     2 June 2005


                         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 2005

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 2005

Verisign                                   2,141,866                   3.34
Soitec                                     1,906,593                   2.97
Superscape Group                           1,631,631                   2.54
Mamut ASA                                  1,631,268                   2.54
Citrix Systems Inc                         1,523,360                   2.37
Retalix                                    1,378,925                   2.15
Check Point Software                       1,372,774                   2.14
Juniper Networks Inc                       1,343,643                   2.09
Framtidsfabriken                           1,336,199                   2.08
Wind River Systems                         1,298,927                   2.02



                                    - 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