Result of EGM

Finsbury Trust PLC
24 October 2001

PRESS RELEASE

For Immediate Release     Wednesday, 24 October 2001

                  Finsbury Trust CHANGES NAME TO HANSA TRUST


At an Extraordinary Meeting of the Company held today in London, the special
resolution to change the company name to Hansa Trust PLC, was duly passed.

For further information:

The Company:
David Haggie       Haggie Financial Limited               020 7417 8989
Jamie Borwick      Hansa Trust PLC                        020 7776 9000

Hansa Capital Limited:
William Salomon                        020 7647 5750

NOTES TO EDITORS

On September 20th, 2001, the Board announced that Hansa Capital Limited, run
by William Salomon and Richard Lamb would take over the management contract of
the trust with effect from 1st October 2001. Artemis Investment Management
Limited will continue to act as investment adviser to the trust. Close
Finsbury Asset Management Limited will continue to offer the trust's shares
through their ISA, PEP and Savings Scheme. Hansa Capital will manage the trust
on essentially the same terms as Close Finsbury Asset Management and the cost
of the transfer will be negligible.

Hansa Capital Limited was formed in 1998 and is part of Hanseatic Asset
Management LBG. The group currently manages and advises on more than US$350 m
on behalf of a number of clients. Hansa Capital offers a strategic asset
management service tailored to individual clients' needs.