Polar Capital Technology Trust plc ("the Company")

Legal Entity Identifier: 549300TN1O5392UC4K19

Allotment of Shares

16 October 2017

The Company announces the allotment of 25,000 ordinary shares of 25p each fully paid under its block listing facility. These shares were issued for cash on 16 October 2017 at a price of 1104.00p per share. The new shares will rank pari passu with the existing issued ordinary share of the Company. The number of ordinary shares in issue is now 132,890,000.

The above figure of 132,890,000 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 Financial Conduct Authority's Disclosure and Transparency Rules.

For further information, please contact:

T Lago

Company Secretary

Polar Capital Technology Trust plc

Telephone Number: 020 7227 2700