Annual Report and Accounts

Polar Capital Technology Trust PLC
24 June 2002




Polar Capital Technology Trust Plc



Annual Report and Accounts and Notice of Annual General Meeting



The director's report and audited accounts for the year ended 30 April 2002
together with the Notice of AGM were posted to shareholders on 21 June 2002 and
two copies have been submitted to the UK listing Authority and will be shortly
available for inspection at the UKLA's document viewing facility, which is
situated at Financial Services Authority, 25 The North Colonnade, Canary Wharf,
London E14 5HS. (Tel [phone])

The Notice of AGM contains resolutions dealing with the usual routine business
and resolutions to increase the aggregate level of director's fees permitted
under the articles, to adopt new articles of association and to authorise the
company to make market purchases of its own shares in accordance with the UKLA
Listing Rules.



N P Taylor
Polar Capital Secretarial Services

24 June 2002



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