Transaction in Own Shares

Polar Capital Technology Trust PLC
06 August 2004




Polar Capital Technology Trust PLC


6th August  2004


The following announcement replaces the announcement that was made on 5th August
2004 at 14:31 under RNS number 6782B


The headline should have read: Transaction in Own Shares


The full text reappears below:



Polar Capital Technology Trust PLC



5th 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 290,000 ordinary shares of 25p
each in the capital of the Company was made today at a price of 149.18p.
Following this purchase and cancellation there will be 133,631,288 shares in
issue.



For further information please contact:

Brian Ashford-Russell

Telephone: [phone]






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