Transaction in Own Shares

Polar Capital Technology Trust PLC
17 August 2004


Polar Capital Technology Trust PLC

17th August 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 23rd July 2004 to make market purchases
of the Company's own shares, market purchases of 610,000 ordinary shares of 25p
each in the capital of the Company was made today at a price of 147.47p.
Following this purchase and cancellation there will be 132,516,288 shares in
issue.

For further information please contact:
Brian Ashford-Russell
Telephone: [phone]


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