Transaction in Own Shares

Polar Capital Technology Trust PLC
29 April 2004


Polar Capital Technology Trust PLC

29h 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 23rd July 2003 to make market purchases
of the Company's own shares, a market purchase of 550, 000 ordinary shares of
25p each in the capital of the Company was made at a price of 167p per share.
Following this purchase and cancellation there will be 147,428,288 shares in
issue.



For further information please contact:

Brian Ashford-Russell
Telephone: [phone]



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