The Board of Directors of Polar Capital Technology Trust plc announced 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. The Board is also announced 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.