RNS Number:2856L
3i European Technology Trust PLC
19 May 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
Allianz AG and its subsidiaries

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
not disclosed

5. Number of shares / amount of stock acquired
Not applicable

6. Percentage of issued class
Not applicable

7. Number of shares / amount of stock disposed
5,000,000

8. Percentage of issued class
1.369%

9. Class of security
Ordinary Shares of 1p each

10. Dates of transaction
13 May 2003

11. Date company informed
19 May 2003

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

13. Total percentage holding of issued class following this notification
3.148%

14. Any additional information
The subsidiaries of Allianz AG include Merchant Investors Assurance Company 
Limited, which is interested in all of the above 11,500,000 shares.

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
19 May 2003




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