Transaction in Own Shares

Polar Capital Technology Trust PLC
22 June 2004



Polar Capital Technology Trust PLC

22nd 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 350,000 ordinary shares of 25p
each in the capital of the Company was made today at a price of 156p per share.
Following this purchase and cancellation there will be 144,246,288 shares in
issue.



For further information please contact:

Brian Ashford-Russell
Telephone: [phone]



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