Annual Information Update

Herald Investment Trust PLC
20 March 2007

                          HERALD INVESTMENT TRUST plc



                           ANNUAL INFORMATION UPDATE



Pursuant to the requirements of Prospectus Rule 5.2 the following summarises the
information that has been published or made available to the public by the
Company throughout the twelve months ended 15 March 2007.



The information referred to below was provided as at a specific date and may now
be out of date.  In addition to the information listed below, the Company has
announced daily net asset values per Ordinary share as at the close of the
previous business day.



The announcements listed below have been published via a Regulatory Information
Service and can be found on www.londonstockeschange.com.


Date                     Description
15 March 2007            Annual Report & Accounts
13 March 2007            Transaction in Own Shares
05 March 2007            Statistic and Performance Report
02 March 2007            Voting Rights and Capital
22 February 2007         Final Results
21 February 2007         Purchase of Own Securities
16 February 2007         Purchase of Own Securities
09 February 2007         Holding(s) in Company
06 February 2007         Holding(s) in Company
05 February 2007         Statistic and Performance Report
02 February 2007         Holding(s) in Company
23 January 2007          Rule 8.3
23 January 2007          Holding(s) in Company
22 January 2007          Rule 8.3
18 January 2007          Rule 8.3
08 January 2007          Portfolio Update
05 January 2007          Rule 8.3
04 January 2007          Rule 8.3
04 January 2007          Statistic and Performance Report
27 December 2006         Voting Rights and Capital
14 December 2006         Statistic and Performance Report
07 December 2006         Holding(s) in Company
07 November 2006         Statistic and Performance Report
05 October 2006          Portfolio Update
03 October 2006          Statistic and Performance Report
04 September 2006        Statistic and Performance Report
07 August 2006           Interim Results
03 August 2006           Statistic and Performance Report
27 July 2006             Interim Results
06 July 2006             Portfolio Update
05 July 2006             Statistic and Performance Report
07 June 2006             Statistic and Performance Report
18 May 2006              Holding(s) in Company
04 May 2006              Statistic and Performance Report
13 April 2006            AGM Statement
05 April 2006            Portfolio Update
04 April 2006            Statistic and Performance Report





The documents listed below were filed with Companies House.  Copies of these
documents can be obtained from Companies House or through Companies House direct
at www.direct.companieshouse.gov.uk.




Date                     Description
16 January 2007          Annual Return
21 April 2006            RES09 Authorising the Directors to make market purchases of its own shares.
21 April 2006            Annual Report







                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                   20 March 2007




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