Transaction in Own Shares

Polar Capital Technology Trust PLC
10 August 2007



POLAR CAPITAL TECHNOLOGY TRUST PLC

POLAR CAPITAL LLP

10th August 2007

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 31 July 2007 to make market purchases of
the Company's own shares, market purchases of 135,000 ordinary shares of 25p
each in the capital of the Company was made on 09 August 2007 at a price of
223.95p per share.

The issued share capital of the company following this purchase and cancellation
and the figure to be used as the denominator for calculations of interests in
the company's voting rights is 138,819,914 shares.

For further information please contact:
B Rogoff
Telephone: [phone]




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