AGM Statement

Polar Capital Technology Trust PLC
23 July 2002


                      Polar Capital Technology Trust PLC

                          Annual General Meeting held
                            on Tuesday 23 July 2002


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


(i)         that the aggregate level of fees that may be paid to the directors
under the Articles of Association was increased to £150,000

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

(iii)       that new Articles of Association were approved and adopted.



A copy of the full text of resolutions above has been submitted to the UK
Listing Authority and will be available for inspection at the UKLA's document
viewing facility, which is situated at:


Financial Services Authority
25 North Colonnade
Canary Wharf
London E14 5HS

Tel: [phone]


N P Taylor




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