Transaction in Own Shares

Polar Capital Technology Trust PLC
29 April 2005




Polar Capital Technology Trust PLC

29th 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 200,000
ordinary shares of 25p each in the capital of the Company was made today at a
price of 166.1p per share and 200,000 warrants on the ordinary shares were also
purchased today at the price of 64.5p. Following this purchase and cancellation
there will be 115,320,162 shares and 19,595,659 warrants in issue.

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




                      This information is provided by RNS
            The company news service from the London Stock Exchange