Portfolio Update

Polar Capital Technology Trust PLC
02 February 2006


Polar Capital Technology Trust PLC


Top Ten Equity Holdings - 31st January 2006

As at 31 Jan 2006 the top ten equity holdings and the sector breakdowns were as
follows

---------------------    ----------- -------------------              ----------
Top 10 Equity Holdings            %  Sector Breakdown                         %
Motech                         2.8%  SEMICONDUCTORS                       21.7%
Tokyo Electron                 1.6%  OTHER SECTORS                        13.6%
JSR                            1.5%  HEALTHCARE                           11.9%
Genentech                      1.3%  SOFTWARE                             10.9%
Medtronic                      1.3%  SERVICES                             10.7%
Konica Minolta Holdings        1.3%  COMPUTING                             9.2%
Murata Manufacturing           1.2%  COMMS EQ (EX WIRELESS)                5.1%
Qualcomm                       1.2%  CONSUMER                              4.2%
Apple Computers                1.2%  ELECTRONIC COMPONENTS                 3.8%
Keyence                        1.1%  TELECOMS/ MEDIA                       3.7%
                                     WIRELESS                              2.8%
                                     DEFENCE                               2.5%
                                     FUTURES AND OPTIONS                  -0.1%
---------------------    ----------- -------------------              ----------
Total                         14.5%  Total                               100.0%
---------------------    ----------- -------------------              ----------
                                                            

Brian Ashford-Russell,
Ben Rogoff

Thursday, 02 February 2006

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