Fee Agreement with PCTT

Polar Capital Holdings PLC
14 June 2007


Polar Capital Holdings PLC

Management and Performance Fee Agreement with Polar Capital Technology Trust Plc

14 June 2007

As announced by the board of Polar Capital Technology Trust plc ('PCTT') this
morning, Polar Capital Holdings plc (the 'Company'), which manages the assets of
PCTT, has reached agreement with PCTT to change the existing performance fee
arrangements to bring them more into line with current market practice.  The 1%
management fee remains unaltered.  The new arrangement has effect from 1 May
2007.

The board of the Company believes that the effect of the changes will be broadly
neutral over the medium term.


For further information, please contact:

Polar Capital Holdings Plc
John Mansell
020 7227 2700

Bridgewell Limited
Ben Money-Coutts
020 7003 3124


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