Trading Statement

Polar Capital Holdings PLC
25 April 2008

25 April 2008



                           Polar Capital Holdings plc

                                   AUM Update



Polar Capital Holdings plc ('Polar Capital' or the 'Group'), the specialist
asset management group, today provides its regular quarterly up date of its
un-audited statement of its Assets under Management ('AUM').


Group AUM as at 31 March 2008 are down 7.7% since 31 March 2007 to US$3.1
billion and have fallen 13.1% since 31 December 2007 (US$3.6 billion).


The tables below set out the Group's AUM as at 31 March 2008 and the movements
experienced in the periods since 31 March 2007 and 31 December 2007.

AUM movement                                       Long            Hedge           Managed & Advisory  Total
12 months to 31 March 2008                           $m               $m              $m                  $m

As at 31 March 2007                               1,563            1,553             291               3,407
Transferred                                        (95)               95               -                   -
Performance and currency movements                (214)               89            (16)               (141)
Net subscriptions / redemptions / fund closures   (328)              269            (63)               (122)
Total AUM at 31 March 2008                        $926m          $2,006m           $212m             $3,144m





AUM movement                                      Long           Hedge           Managed & Advisory  Total
3 months to 31 March 2008                           $m              $m              $m                  $m

As at 31 December 2007                           1,238           2,116              265               3,619
Performance and currency movements               (194)            (27)             (24)               (245)
Net subscriptions / redemptions / fund closures  (118)            (83)             (29)               (230)
Total AUM at 31 March 2008                       $926m         $2,006m            $212m             $3,144m



For further information please contact:



                                                                     [phone]
Polar Capital

Mark Kary
John Mansell


Landsbanki
Simon Bridges                                                        [phone]
Claes Spang                                                          [phone]


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










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