Transaction in Own Shares

Polar Capital Technology Trust PLC
21 April 2004



Polar Capital Technology Trust PLC

21st April  2004


Market Purchase of Company's Own Shares

Notification is given that pursuant to the authority granted at the Annual
General Meeting of the Company held on 23 July 2003 to make market purchases of
the Company's own shares of 25p, a market purchase of 500,000 ordinary shares of
25p each in the capital of the Company was made today at a price of 165.5p per
share.  Following this purchase and cancellation there will be 148,678,285
shares in issue.


For further information please contact:
Brian Ashford-Russell
Telephone: [phone]


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