Polar Capital Technology Trust PLC ('The Company')

LEI: 549300TN1O5392UC4K19

8 July 2020

Retirement of Senior Independent Director ('SID') and Chairman of the Remuneration Committee

As previously indicated within the Annual Report of the Company, the Board of Directors today announces the retirement of Peter Hames, the Company's SID and Chairman of the Remuneration Committee. Mr Hames has served on the Board since June 2011 and in accordance with the Board's tenure policy, has retired having served nine years.

Sarah Bates, Chair, "Peter has been an incredible support to the Board for the past nine years and we will miss his contribution, particularly in relation to Asian markets and given his great experience in investment matters."

The Board is also pleased to announce that Tim Cruttenden has agreed to succeed Mr Hames as both SID and Chairman of the Remuneration Committee, following the recommendations of the Nomination Committee.

Details of the Directors seeking re-election at the 2020 Annual General Meeting ('AGM') will be included in the forthcoming Annual Report and Financial Statements for the year ended 30 April 2020 and the Notice convening the AGM. Both documents will be available on the Company's website at www.polarcapitaltechnologytrust.co.uk  and dispatched to shareholders later in July 2020.

The Company confirms there is no further information to be disclosed under the requirements of listing rule 9.6.13R in relation to this appointment.