AGM Statement

Polar Capital Technology Trust PLC
21 July 2006


                    POLAR CAPITAL TECHNOLOGY TRUST PLC

           Annual General Meeting held on Friday 21 July 2006

Polar Capital Technology Trust PLC announces that at the Annual General Meeting
held earlier today all the resolutions as set out in the Notice of Meeting
contained in the Annual Report and Accounts were duly passed on a show of hands.

Three special resolutions were also passed at the meeting:

1. A special resolution to empower the directors to allot up to 5% of the
ordinary shares of the company for cash, at a price per share of not less than
the net asset value per share at the date of issue, pursuant to an authority
also conferred on the directors to generally and unconditionally allot shares
under section 80 of the Companies Act 1985.

2. A special resolution to generally and unconditionally to empower the
company to make market purchases of its own ordinary shares of 25 pence each up
to a maximum of 14.99% being 20,998,600 ordinary shares at a maximum price per
share (exclusive of expenses) not exceeding 105% of the average middle market
quotations for the five business days preceding the date of purchase.

3. A special resolution to adopt new Articles of Association.

For further information please contact:

Brian Ashford-Russell
Polar Capital Technology Trust PLC
Telephone: [phone]



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