Holding(s) in Company

Finsbury Technology Trust PLC
14 July 2004

                                  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 Ltd


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

The 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

1,970,000


8. Percentage of issued class

7.1%


9. Class of security

Ordinary 25p shares


10. Date of transaction

12 July 2004


11. Date company informed

14 July 2004


12. Total holding following this notification

5,207


13. Total percentage holding of issued class following this notification

0.02%


14. Any additional information

Merchant Investors Assurance Company Ltd is owned by Sanlam Netherlands Holdings
B.V.  Sanlam Netherlands Holding B.V. is the European holding company of the
Sanlam Group.  The shares are registered in the name of our custodian The Bank
Of New York (Nominees) Ltd with Merchant Investors Assurance Company Ltd as the
beneficial owner.


15. Name of contact and telephone number for queries

Tracey Lago - 020 7426 6219


16. Name and signature of authorised company official responsible for making
this notification

Tracey Lago, for and on behalf of Close Finsbury Asset Management Limited


Date of notification

14 July 2004

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