Investment Policy

Polar Capital Technology Trust PLC
17 October 2003


Polar Capital Technology Trust PLC


Statement of Investment Policy

In light of the recent publication of Investment Entities (Listing Rules and
Conduct of Business) Instrument 2003, the Board wishes to announce that it is
the Company's policy to invest no more than 15% of its gross assets in other
listed investment companies (including listed investment trusts).


17 October 2003


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