Holding(s) in Company

Herald Investment Trust PLC
18 May 2006

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


HERALD INVESTMENT TRUST PLC



2. Name of shareholder having a major interest


HBOS



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


HSDL Nominees Limited             22

Nortrust Nominees A/C HL126   11,355

Nortrust Nominees A/C HL127   12,637

Nortrust Nominees A/C HL124   12,821

Nortrust Nominees A/C HL125   127,204

Nortrust Nominees A/C HL123   128,722

Nortrust Nominees A/C HL128   139,745

Nortrust Nominees A/C CMI10    321,570

Nortrust Nominees A/C CMM34  678,881

Nortrust Nominees A/C CMM13  1,976,774



5. Number of shares / amount of stock acquired


N/A



6. Percentage of issued class


N/A



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


Not known



11. Date company informed


18 May 2006



12. Total holding following this notification


3,409,731



13. Total percentage holding of issued class following this notification


3.89%



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


18 MAY 2006



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