Resolution to Amend Articles

Herald Investment Trust PLC
02 May 2003


Herald Investment Trust plc

Resolution to Amend Articles passed 16 April 2003


A copy of the above document has been submitted to the UK Listing Authority, and
will shortly be available for inspection at the UK Listing Authority's Document
Viewing Facility, which is situated at:


Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS


Tel. no. (0)20 7676 1000

                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                    2 May 2003


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