Holding(s) in Company

Finsbury Technology Trust PLC 08 September 2003 SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Name of company FINSBURY TECHNOLOGY 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 IN 2 ABOVE 4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them ALLIANZ AG AND SUBSIDIARIES 5. Number of shares / amount of stock acquired Nil 6. Percentage of issued class Nil 7. Number of shares / amount of stock disposed 50,000 8. Percentage of issued class 0.18% 9. Class of security ORDINARY 25P SHARES 10. Date of transaction 3 September 2003 11. Date company informed 8 September 2003 12. Total holding following this notification 1,885,207 13. Total percentage holding of issued class following this notification 6.94% 14. Any additional information DRESDNER KLEINWORT WASSERSTEIN GROUP LIMITED ("DRKWG") IS AN INDIRECT SUBSIDIARY OF ALLIANZ AG. THE SHARES IN DRKWG ARE HELD BY DRESDNER INVESTMENTS (UK) LIMITED, A WHOLLY OWNED DIRECT SUBSIDIARY OF DRESDNER BANK AG. DRESDNER IS A DIRECT SUBSIDIARY OF ALLIANZ FINANZBETEILIGUNGS GMBH, WHICH IS ITSELF A DIRECT SUBSIDIARY OF ALLIANZ AG. ALLIANZ AG IS ALSO THE ULTIMATE HOLDING COMPANY OF MERCHANT INVESTORS ASSURANCE COMPANY LIMITED ("MERCHANT IA"). THE SHARES IN MERCHANT IA ARE HELD BY THE MI GROUP LIMITED ("MIG"), A DIRECT SUBSIDIARY OF ALLIANZ UK, WHICH IS A DIRECT SUBSIDIARY OF ALLIANZ EUROPE LIMITED ("ALLIANZ EUROPE") WHICH IS ITSELF A 66.66% OWNED SUBSIDIARY OF ALLIANZ AG. THE OTHER 33.33% OF SHARES IN ALLIANZ EUROPE ARE OWNED BY ALLIANZ LEBENSVERICHERUNGS AG ("ALLIANZ LEBEN"), A DIRECT SUBSIDIARY OF JOTA VERMOGENSVERWALTUNGS GMBH ("JOTA"), WHICH IS ITSELF A DIRECT SUBSIDIARY OF ALLIANZ AG. AS A RESULT OF S203(2) OF THE ACT, MIG, ALLIANZ UK, ALLIANZ EUROPE, ALLIANZ LEBEN, JOTA AND ALLIANZ AG ARE INTERESTED IN THE ORDINARY 25P SHARES IN WHICH MERCHANT ARE INTERESTED. THE SALE ON 3 SEPTEMBER 2003 OF 50,000 SHARES BY MERCHANT IA HAS RESULTED IN A DECREASE IN THE DISPOSABLE INTERESTS WITHIN THE ALLIANZ AG GROUP OF COMPANIES. THE DISCLOSABLE INTEREST OF ALLIANZ AG AND SUBSIDIARIES IN THE ORDINARY SHARE CAPITAL OF THE COMPANY AMOUNTS TO 1,885,207 SHARES REPRESENT 6.941% OF THE ORDINARY ISSUED SHARE CAPITAL OF 27,265,310 SHARES 15. Name of contact and telephone number for queries TRACEY GOWER - 020 7426 6219 16. Name and signature of authorised company official responsible for making this notification TRACEY GOWER FOR AND ON BEHALF OF CLOSE FINSBURY ASSET MANAGEMENT LIMITED Date of notification 8 SEPTEMBER 2003 The FSA does not give any express or implied warranty as to the accuracy of this document or material and does not accept any liability for error or omission. The FSA is not liable for any damages (including, without limitation, damages for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this document, or any material contained in it, or from any action or decision taken as a result of using this document or any such material. This information is provided by RNS The company news service from the London Stock Exchange D HOLLPMJTMMJMBTJ
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