Transaction in Own Shares

Polar Capital Technology Trust PLC
25 June 2004




Polar Capital Technology Trust PLC

25th June  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 125,000 ordinary shares of 25p
each in the capital of the Company was made on 24th June at a price of 158p per
share.  Following this purchase and cancellation there will be 144,121,288
shares in issue.




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






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