AGM Statement

Polar Capital Technology Trust PLC
22 July 2005


POLAR CAPITAL TECHNOLOGY TRUST PLC

Annual General Meeting held on Friday 22 July 2005


Polar Capital Technology Trust PLC announces that at the Annual General Meeting
held earlier today all the resolutions as set out in the Notice of Meeting
contained in the Annual Report and Accounts were duly passed on a show of hands.

Resolution 7, passed as an ordinary resolution released the board from the
obligation to put a winding-up resolution in 2006. The next vote on the
continuation of the company will be by ordinary resolution proposed at the
annual general meeting in 2010 with votes held every five years thereafter.

Two special resolutions were also passed at the meeting.

Resolution 9 empowers the directors to allot up to 5% of the ordinary shares of
the company for cash, at a price per share of not less than the net asset value
per share at the date of issue, pursuant to the authority conferred on the
directors to generally and unconditionally allot shares under section 80 of the
Companies Act 1985.

Resolution 10 generally and unconditionally authorises the company to make
market purchases of its own ordinary shares of 25 pence each up to a maximum of
14.99% being 17,244,970 ordinary shares at a maximum price per share (exclusive
of expenses) not exceeding 105% of the average middle market quotations for the
five business days preceding the date of purchase.



For further information please contact:

Brian Ashford-Russell
Fund Manager
Polar Capital Technology Trust PLC
Telephone: [phone]



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