Assets under Management

Polar Capital Holdings PLC
19 October 2007

                           Polar Capital Holdings PLC
  Statement of Assets under Management for six months ended 30 September 2007


Polar Capital Holdings PLC ('Polar' or the 'Group') announces its un-audited
Assets under Management ('AUM') for the six months ended 30 September 2007.



Group AUM

Group AUM total up 13.76% since 31 March 2007 to US$3.876 billion as at 30
September 2007.

Group AUM total up 2.43% since 30 June 2007 (US$3.784 billion).

The table below sets out the Group's AUM as at 30 September 2007 and the
movements experienced in the period since 31 March 2007.


Analysis by Generation of Assets                             Long           Hedge       Managed &       Total
                                                                                         Advisory
Brought Forward 31 March 2007                                $1,563m        $1,553m        $291m       $3,407m
Long only transferred to Hedge Funds                           -$95m           $95m           -            -
Performance and currency movements                              $50m           $75m         -$7m         $118m
Net subscriptions redemptions                                 -$131m          $482m            -         $351m
Total AUM at 30 September 2007                               $1,387m        $2,205m        $284m       $3,876m





Enquiries:


Polar Capital                                            Tel. [phone]
Mark Kary, Chief Executive
John Mansell, Chief Operating Officer

Landsbanki Securities (UK) Limited                       Tel. [phone]
Simon Bridges
Claes Spang

Financial Dynamics
Ed Gascoigne-Pees                                        Tel. [phone]
Felicity Murdoch                                         Tel. [phone]




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