Transaction in Own Shares

Polar Capital Technology Trust PLC
30 July 2004





Polar Capital Technology Trust PLC

30th July  2004



Market Purchase of Company's Own Shares


Notification is given that pursuant to the authority granted at the Annual
General Meeting of the Company held on 30th July 2004 to make market purchases
of the Company's own shares, market purchases of 310,000 ordinary shares of 25p
each in the capital of the Company was made today at a price of 149.15p.
Following this purchase and cancellation there will be 133,921,288 shares in
issue.



For further information please contact:

Brian Ashford-Russell
Telephone: [phone]



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