Net Asset Value(s)

Polar Capital Technology Trust PLC
05 October 2005


POLAR CAPITAL TECHNOLOGY TRUST PLC
POLAR CAPITAL PARTNERS LIMITED
5th October 2005

POLAR CAPITAL TECHNOLOGY TRUST PLC
As at close of business on Tuesday 4th October 2005 the unaudited net asset
values per share were as follows:
Undiluted NAV (warrants unexercised) 249.12 pence
Fully diluted (warrants exercised) 227.80 pence
The NAVs were calculated in accordance with the AITC formula.
The fully diluted NAV is shown for information as the warrants have effectively
expired on 30 September 2005 being the last day for the exercise of the
warrants.

For further information, please call:
Neil Taylor
Polar Capital Partners Limited
Tel: [phone]
www.polarcapitaltechnologytrust.co.uk




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