RNS Number:6778T
3i European Technology Trust PLC
24 December 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
3i European Technology Trust plc

2. Name of shareholder having a major interest
Sanlam Netherlands Holdings BV

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
In respect of 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
 Registered Holder                                                No. of shares
Bank of New York (Nominees) Limited                                  11,500,000

5. Number of shares / amount of stock acquired
11,500,000

6. Percentage of issued class
3.32%

7. Number of shares / amount of stock disposed
Not applicable

8. Percentage of issued class
Not applicable

9. Class of security
Ordinary shares of 1p each

10. Date of transaction
23 December 2003

 11. Date company informed
24 December 2003

12. Total holding following this notification
11,500,000

13. Total percentage holding of issued class following this notification
3.32%

14. Any additional information
This interest, held through Merchant Investors Assurance Company Limited, was 
acquired by Sanlam Netherlands Holdings BV when it acquired Merchant Investors 
Assurance Company Limited from Allianz (UK) Ltd on 23 December 2003.

15. Name of contact and telephone number for queries
Robin Jack-Kee - 020 7975 3515

16. Name and signature of authorised company official responsible for making
this notification
For and on behalf of 3i plc, Secretaries to 3i European Technology Trust plc

Date of notification
24 December 2003




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