Director Appointments

Polar Capital Technology Trust PLC
11 December 2006


                       Polar Capital Technology Trust PLC


Appointment of directors


The board of Polar Capital Technology Trust Plc ('the Company') is pleased to
announce the appointment of Mr Michael Moule and Mr Rupert Montagu as
non-executive directors of the Company with effect from 1 January 2007.


Mr Moule who is 60 retired from Henderson Global Investors in 2003 where he had
been the investment manager for The Bankers Investment Trust Plc and The Law
Debenture Corporation Plc.


Mr Moule is a non-executive director of Lowland Investment Company Plc, Old
Mutual South African Trust Plc, Foreign & Colonial Eurotrust Plc and Montanaro
UK Smaller Companies Investment Trust Plc.


There is no other information requiring disclosure under Listing Rule 9.6.13 in
respect of Mr Moule's appointment.


Mr Rupert Montagu, aged 41, co-founded Montagu Newhall Associates in 2000, a
specialist investor in the technology and healthcare venture capital industries.


Mr Montagu holds no other public company directorships and there is no other
information requiring disclosure under Listing Rule 9.6.13 in respect of Mr
Montagu's appointment.


Enquiries

Ben Rogoff                                          Ed Gascoigne-Pees
Polar Capital Technology Trust PLC                  Financial Dynamics
Tel: [phone]                                  Tel: [phone]


Notes to editors


Polar Capital Technology Trust PLC was launched on 16 December 1996 under the
name Henderson Technology Trust PLC. The original subscription price for each
share was £1.


In 2005, the shareholders voted to continue the life of the Company and they
will have in 2010 and every five years thereafter the right to approve, or
otherwise, the continued existence of the Company.


The investment objective is to maximize capital growth for our shareholders
through investing in a diversified portfolio of technology companies around the
world.


Stocks are selected for their potential for shareholder returns, not on the
basis of technology for its own sake. We believe in rigorous fundamental
analysis and focus on:


   • Management quality
   • The identification of new growth markets
   • The globalization of major technology trends and
   • Exploiting international valuation anomalies and sector volatility






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