Holding(s) in Company

Herald Investment Trust PLC
08 October 2002

                          Herald Investment Trust PLC

                        Disclosure of Interest in Shares

Herald Investment Trust PLC have today been advised that Legal & General
Investment Management holds 2,547,472 ordinary 25p shares in the Company, which
represents 3.01% of the issued share capital of 84,475,145.



                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                 08 October 2002


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