Top Ten Holdings

Polar Capital Technology Trust PLC
02 June 2004


Polar Capital Technology Trust PLC



Top Ten Equity Holdings -  31ST May 2004



As at 31st May 2004 the top ten equity holdings and the sector breakdowns were
as follows


      Top Ten Equity Holdings                                Sector Breakdown
                                         Computing                                           12.6%
Samsung Electronics            1.8%      Consumer                                             7.8%
Nintendo                     1.4%        Communication Equipment ex Wireless                  5.8%
NEC                            1.4%      Semiconductors                                      21.6%
Maxim Integ Products           1.3%      Services                                             7.8%
Genentech                      1.3%      Software                                            16.1%
Qualcomm                       1.3%      Telecoms/Media                                       0.5%
Zeon                           1.2%      Wireless                                             4.6%
Linear Tech                    1.1%      Healthcare                                          14.7%
KLA Tencor                  1.1%         Electronic Components                                1.5%
LG Electronics                 1.0%      Defence                                              2.3%
                                         Other                                                4.8%

                   Total      13.0%                                             Total       100.0%




Brian Ashford-Russell, 2nd June 2004



                      This information is provided by RNS
            The company news service from the London Stock Exchange