Holding(s) in Company

RNS Number:5017B
Guinness Flight Venture Cap Tst PLC
03 August 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



Other: 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):

            2 August 2007



6.         Date on which issuer notified:

            3 August 2007



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

            7%



8.         Notified details:

            n/a



A: Voting rights attached to shares


                             Situation previous to the triggering transaction
Class/type of shares if possible             No of shares                 No of voting rights (viii)
using the ISIN CODE


Ordinary shares                               1,850,000                            1,850,000
GB00039451001





Resulting situation after the triggering transaction (vii)


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




                                  2,025,000      2,025,000       0           7.46%          0





B: Financial Instruments

Resulting situation after the triggering transaction (xii)


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

          2,025,000                        7.46%





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:

            R O'Neil



15.       Contact telephone number:

            0141 306 7553


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