Transaction in Own Shares

Polar Capital Technology Trust PLC
13 May 2004


Polar Capital Technology Trust PLC

13th May  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 23rd July 2003 to make market purchases
of the Company's own shares, a market purchase of 200,000 ordinary shares of 25p
each in the capital of the Company was made today at a price of 154.5p per
share.  Following this purchase and cancellation there will be 146,128,288
shares in issue.


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


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