Holding(s) in Company

Finsbury Life Sciences Inv Tst PLC
20 August 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Finsbury Life Sciences Investment Trust PLC

2) Name of shareholder having a major interest

Merchant Investors Assurance Company Limited

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 above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Bank of New York (Nominees)Limited

5) Number of shares/amount of stock acquired

n/a

6) Percentage of issued class

n/a

7) Number of shares/amount of stock disposed

200,000

8) Percentage of issued class

0.66%

9) Class of security

Ordinary shares of 25p each

10) Date of transaction

15 August 2002

11) Date company informed

16 August 2002

12) Total holding following this notification

2,306,250


13) Total percentage holding of issued class following this notification

7.66%

14) Any additional information

none

15) Name of contact and telephone number for queries

Faith Pengelly

Close Finsbury Asset Management Limited

Secretary

Tel: [phone]

20 August 2002






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