Proposed Bonus Issue

RCM Technology Trust PLC
31 May 2007



RCM Technology Trust PLC


Proposed Bonus Issue of Subscription Shares



Further to the Company's announcement on 26 March 2007 and following the recent
change of investment manager, the Board proposes to make a bonus issue of
subscription shares to current shareholders.  The terms of the subscription
shares will be set out in full in a circular to be sent to shareholders shortly.



The Board believes that subscription shares represent an attractive option to
subscribe in the future for further shares in the Company.  The Board also
believes that the Company's rebalanced global technology portfolio under the
management of RCM (UK) Limited ('RCM') has the potential to deliver significant
capital growth over the medium to long term.



The Board is pleased that the appointment of RCM has generated significant new
demand for the Company's shares in the secondary market and a narrowing of the
discount at which the Company's shares trade. The current level of demand for
shares is such that any secondary issue is likely to be accommodated under the
Company's existing authorities rather than through issuing a prospectus.



Enquiries:



Simon White

Head of Investment Trusts

RCM (UK) Limited

Tel: [phone]



Nathan Brown/Jane Lewis

Winterflood Investment Trusts

Tel: [phone]




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