Directorate Change

Herald Investment Trust PLC
18 January 2008

                          Herald Investment Trust plc

                            Appointment of Director



Mr Charles Julian Cazalet has been appointed a non-executive Director of Herald
Investment Trust plc with effect from 18 January 2008.

Julian Cazalet was, until December 2007, a Managing Director - Corporate Finance
at JPMorgan Cazenove. After qualifying as a Chartered Accountant he joined
Cazenove in 1973 and was made a Partner in 1978. From 1989 he worked in
Corporate Finance and advised a number of leading Investment Trusts in addition
to his work with industrial and commercial companies.

The appointment of Mr Cazalet falls to be ratified by Shareholders at the Annual
General Meeting of the Company which is to be held in April 2008.

Mr Cazalet holds 25,000 shares in the Company.

There is no other information required to be disclosed under Listing Rule
9.6.13.



                                                            Baillie Gifford & Co

                                                             Company Secretaries

                                                                 18 January 2008




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