Holding(s) in Company

Polar Capital Technology Trust PLC
18 October 2007


Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying       POLAR CAPITAL TECHNOLOGY TRUST
issuer of existing shares to which voting rights  PLC
are attached:                                     --------------------
------------------------------
2. Reason for notification (yes/no)
------------------------------------------------
                                                                        --------
An acquisition or disposal of voting rights                             YES
------------------------------------------                              --------
An acquisition or disposal of financial instruments which may result in NO
the acquisition of shares already issued to which voting rights are     --------
attached
------------------------------------------
An event changing the breakdown of voting rights                        NO
------------------------------------------                              --------
Other (please specify):______________                                   NO
------------------------------------------                              --------
3. Full name of person(s) subject to      FINDLAY PARK AMERICAN SMALLER COMPANIES
notification obligation:                  FUND
--------------------------                ------------------------
4. Full name of shareholder(s) (if        CRESTCO LIMITED, LONDON
different from 3):
                                          CRSTGB22XXX
                                          A/C BBHISL NOMINEES LTD (CLYDGB2SXXX),
                                          A/C LNKAV
                                          -------------------------- 
                                          ------------------------
5. Date of transaction (and date on which 26/09/07
the threshold is crossed or reached if    ------------------------
different):
--------------------------
6. Date on which issuer notified:         26/09/07 (VIA CREST SYSTEM)
--------------------------                ------------------------
7. Threshold(s) that is/are crossed or    3% SHARES IN ISSUE LIMITED EXCEEDED.
reached:                                  ------------------------
--------------------------













8: Notified Details
A: Voting rights attached to shares
Class/   Situation previous to the Resulting situation after the triggering
type of  triggering transaction    transaction
shares
If
possible
use ISIN
code
ORD
         Number of    Number of    Number of    Number of voting      Percentage of
         shares       voting       shares       rights                voting rights
                      rights
          3,950,000    3,950,000    4,550,000
                                                 4,550,000     ----    3.28%    ----
                                                Direct       Indirect Direct  Indirect
ISIN - GB000422025

B: Financial Instruments
N/A
Resulting situation after the triggering transaction
Type of     Expiration Exercise/     No. of voting rights that may   Percentage
financial   date       conversion    be acquired (if the instrument  of voting
instrument             period/date   exercised/converted)            rights



Total (A+B)
Number of voting rights              Percentage of voting rights
                         4,550,000                                        3.28%








9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:


Proxy Voting:
NO PROXY VOTE
10. Name of proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional          SUBMISSION MADE BY FINDLAY PARK PARTNERS LLP AS
information:            INVESTMENT MANAGER
14 Contact name:        MATTHEW JACKSON-HALE
                        [e-mail]
15. Contact
telephone
name:                   020 7468 2145


For notes on how to complete form TR-1 please see the FSA website.

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in shares



A: Identity of the persons or legal entity subject to the notification
obligation
Full name
(including legal form of legal entities)
Contact address
(registered office for legal entities)
Phone number & email
Other useful information
(at least legal representative for legal persons)

B: Identity of the notifier, if applicable
Full name
Contact address
Phone number & email
Other useful information
(e.g. functional relationship with the person or legal entity subject to the
notification obligation)

C: Additional information





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