Result of AGM

NEWS RELEASE
                                                                  10 APRIL 2007

                         Finsbury Technology Trust PLC                         

                              Results of the AGM                               

The Company is pleased to announce that at the Annual General Meeting held on
10 April 2007 all resolutions put to the meeting were duly passed.

Resolutions

 1. To receive and consider the audited accounts and the Report of the
    Directors for the year ended 30 November 2006.
   
 2. To re-elect Paul Gaunt as a Director of the Company.
   
 3. To re-elect David Quysner, who retires by rotation, as a Director of the
    Company.
   
 4. To re-elect Anthony Townsend, as a Director of the Company.
   
 5. To elect Richard Holway as a Director of the Company.
   
 6. To re-appoint RSM Robson Rhodes LLP as auditors and to authorise the
    Directors to determine their remuneration.
   
 7. To approve the Directors' Remuneration Report.
   
 8. To approve the increase of the limit on the aggregate annual sum of
    Directors' fees payable from £100,000 to £150,000.
   
 9. To authorise the Directors to allot securities in the Company.
   
10. To disapply the rights of pre-emption in relation to the allotment of
    securities contained in section 89 of the Companies Act 1985.
   
11. To authorise the Company to make market purchases of ordinary shares in the
    Company.
   
12. To approve that the name of the Company be changed to RCM Technology Trust
    PLC, it was confirmed that the name change would become effective on 30
    April 2007.
   
For further information please contact:

Tracey Lago
Close Investments Limited - tel. [phone]