Holding(s) in Company

Herald Investment Trust PLC
25 August 2005

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


HERALD INVESTMENT TRUST PLC



2. Name of shareholder having a major interest


ASSET VALUE INVESTORS LIMITED



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18


IN RESPECT OF (2) ABOVE



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


BoNY Nominees 595,593

Chase Nominees 2,426,441

State Street Nominees 141,091

Mellon 133,500

Pictet 92,764

Nortrust Nominees 804,726



5. Number of shares / amount of stock acquired


715,000



6. Percentage of issued class


0.82%



7. Number of shares / amount of stock disposed


n/a



8. Percentage of issued class


n/a



9. Class of security


ORDINARY SHARES OF 25P EACH



10. Date of transaction


18 and 19 August 2005






11. Date company informed


25 August 2005



12. Total holding following this notification


4,194,115



13. Total percentage holding of issued class following this notification


4.79%



14. Any additional information






15. Name of contact and telephone number for queries


Doreen Nic



16. Name and signature of authorised company official responsible for making
this notification






Date of notification


25 August 2005



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