Polar Capital Technology Trust plc ("the Company")

Legal Entity Identifier: 549300TN1O5392UC4K19

6 July 2020

The Company announces the allotment of 200,000 ordinary shares of 25p each ("ordinary shares") fully paid under its block listing facility. These shares were issued for cash on 6 July 2020 at a price of 2,121.00p per share, which equates to a premium to the estimated cum income net asset value at the time of the transaction of 1.68%.

The cum income net asset value per ordinary share at the close of business on 3 July 2020 was 2,053.30p per share.

The new shares will rank pari passu with the existing issued ordinary shares of the Company.

·    Number of ordinary shares in issue - 137,006,000

·    Ordinary shares remaining in Company's block listing - 10,205,049

·    Ordinary shares remaining under shareholder allotment authority - 10,201,500

The above figure of 137,006,000 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Polar Capital Technology Trust plc under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

T Lago FCG

Company Secretary

Polar Capital Technology Trust plc

Telephone Number: 020 7227 2700