Net Asset Value(s)

Polar Capital Technology Trust PLC
28 July 2005


POLAR CAPITAL TECHNOLOGY TRUST PLC
POLAR CAPITAL PARTNERS LIMITED
28th July 2005




POLAR CAPITAL TECHNOLOGY TRUST PLC
As at close of business on 27th July 2005 the unaudited fully diluted net asset
value per share, calculated in accordance with the AITC formula was 223.03p and
the unaudited undiluted net asset value per share, calculated on the same basis,
was 243.56p.


                                    - ENDS -

For further information, please call:
Sachin Patel
Investment Trust Operations Department
Polar Capital Partners Limited
Tel: [phone]
www.polarcapitaltechnologytrust.co.uk



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