Net Asset Value(s)-Replacemnt

Herald Investment Trust PLC
20 December 2005


The issuer advises that the following replaces the Net Asset Value announcement
released today at 12.38pm under RNS number 9622V.


      Net Asset Value with Loans at Par for Herald Investment Trust PLC as at 19
                                                                   December 2005

                                                                         403.46p


Net Asset Value is calculated using closing mid market price from the London
Stock Exchange



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