Transaction in Own Shares

Polar Capital Technology Trust PLC
08 April 2005





Polar Capital Technology Trust PLC

8th April 2005

Market Purchase of Company's Own Shares

Notification is given that pursuant to the authority granted at the
Extraordinary General Meeting of the Company held on 18th March 2005 to make
market purchases of the Company's own shares, market purchases of 1,000,000
ordinary shares of 25p each in the capital of the Company was made today at a
price of 174.5p per share. Following this purchase and cancellation there will
be 116,780,162 shares in issue.

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




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