AGM Statement

Polar Capital Technology Trust PLC
26 July 2001

Polar Capital Technology Trust PLC



                         Annual General Meeting held
                           on Thursday 26 July 2001


Polar Capital Technology Trust PLC announces that at the Annual General
Meeting held earlier today, the following resolutions were duly passed:



(i)   that the directors be given the authority to allot relevant
      securities in the Company up to an aggregate nominal amount of            
      £12,376,665;



(ii)  that the directors be given the authority to allot equity
      securities for cash up to an aggregate nominal amount of £1,856,500;



(iii) that the Company be generally authorised to make market purchases
      of its own ordinary shares up to a maximum amount of 22,263,144.