Transaction in Own Shares

Polar Capital Technology Trust PLC
24 September 2004


Polar Capital Technology Trust PLC

24th September 2004


The following announcement replaces the announcement that was made on 24th
September 2004 at 16:26 under RNS number 3335D.

The headline should have read: Transaction in Own Shares

The full text reappears below:




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 2004 to make market purchases
of the Company's own shares, market purchases of 200,000 ordinary shares of 25p
each in the capital of the Company was made today at a price of 157.04p.
Following this purchase and cancellation there will be 130,893,288 shares in
issue.



For further information please contact:

Brian Ashford-Russell
Telephone: [phone]


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