Holding(s) in Company

RNS Number:4087A
Guinness Flight Venture Cap Tst PLC
17 July 2007


TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES


(1).      Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached (ii):

            Guinness Flight Venture Capital Trust PLC


2.         Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights: Yes

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: No

An event changing the breakdown of voting rights: No

Other: Transitional notification of major holdings No


3.         Full name of person(s) subject to the notification obligation (iii):

            Advance UK Trust plc


4.         Full name of shareholder(s) (if different from 3.) (iv):

Nortrust Nominees Limited


5.         Date of the transaction and date on which the threshold is crossed or
reached (v):

            12 July 2007


6.         Date on which issuer notified:

            17 July 2007



7.         Threshold(s) that is/are crossed or reached:

            6%


8.         Notified details:

            N/A


A: Voting rights attached to shares


Class/type of shares if possible      Situation previous to the          Resulting situation after the
using the ISIN CODE                  Triggering transaction (vi)         triggering  transaction (vi)
                                    Number of voting Rights (viii)      Number of voting Rights (viii)

Ordinary Shares
GB0003945101                                  1,500,000                            1,500,000



Resulting situation after the triggering transaction (vii)


Class/type of shares if          Number of shares       Number of voting rights (ix)       % of voting rights
possible using the ISIN CODE
                                                       Direct (x)     Indirect (xi)       Direct      Indirect

Ordinary Shares                                        1,750,000                           6.45%
GB0003945101                        1,750,000



B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.

N/A             N/A                   N/A                       N/A                         N/A





Total (A+B)
   Number of voting rights          % of voting rights

                                           6.45%
          1,750,000


9.      Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable (xv):

N/A


Proxy Voting:


10.    Name of the proxy holder:

            N/A


11.       Number of voting rights proxy holder will cease to hold:

            N/A


12. Date on which proxy holder will cease to hold voting rights:

            N/A


13.       Additional information:

            Progressive European Markets Limited is investment manager to
Advance UK Trust PLC


14.       Contact name:

            David Russell


15.       Contact telephone number:

            0141 306 7555



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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