Top Ten Holdings as at 31.10

Polar Capital Technology Trust PLC
03 November 2005


Polar Capital Technology Trust PLC

Top Ten Equity Holdings - 31st October 2005

As at 31 Oct 2005 the top ten equity holdings and the sector breakdowns were as
follows

--------------------------------------------------------------------------------
Top 10 Equity Holdings           %   Sector Breakdown                        %
Motech                         2.4%  SEMICONDUCTORS                       18.5%
Genentech                      1.6%  HEALTHCARE                           15.3%
JSR                            1.4%  SOFTWARE                             13.1%
Medtronic                      1.4%  OTHER SECTORS                        10.8%
Yahoo                          1.2%  COMPUTING                             8.7%
Kuroda Electric                1.2%  SERVICES                              7.7%
Tokyo Electron                 1.2%  CONSUMER                              6.0%
Genzyme                        1.2%  ELECTRONIC COMPONENTS                 4.9%
KLA Tencor                     1.2%  COMMS EQ (EX WIRELESS)                4.6%
Amgen                          1.1%  WIRELESS                              4.1%
                                     TELECOMS/ MEDIA                       3.7%
                                     DEFENCE                               2.7%
------------------------------------
                 Total        13.9%  FUTURES AND OPTIONS                  -0.1%
------------------------------------ -------------------------------------------
                                                            Total        100.0%
                                     -------------------------------------------

Brian Ashford-Russell,
Ben Rogoff

Wednesday, 02 November 2005


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