Transaction in Own Shares

For immediate release

                                                                10 January 2007

                         FINSBURY TECHNOLOGY TRUST PLC                         

                                (the "Company")                                

                    MARKET PURCHASE OF COMPANY'S OWN SHARES                    

Notification is given, pursuant to the authority granted at the Annual General
Meeting of the Company held on 6 April 2006 to make market purchases of the
Company's own shares up to an aggregate maximum of 3,820,998, that a market
total of 25,000 Ordinary shares of 25p each in the capital of the Company have
been purchased today for cancellation by the Company at a price of 217.25p per
share.

The number of Ordinary shares that the Company has in issue, less the total
number of Ordinary shares repurchased for cancellation, is 24,199,312. The
Company does not currently hold any Ordinary shares in treasury.

For and on behalf of

Close Finsbury Asset Management Limited

Company Secretary

For further information, please contact:

Mark Pope

Close Finsbury Asset Management Limited

Tel: [phone]

Nathan Brown

Winterflood Securities - Corporate Stockbroker

Tel: [phone]