Statistic & Performance Rpt

Herald Investment Trust PLC
04 April 2007


                                             HERALD INVESTMENT TRUST
                                 PRELIMINARY STATISTICS AND PERFORMANCE REPORT


                       At inception          At                At                   Performance     Performance
                       16 February           28 February 2007  30 March 2007        since           since inception
                          1994                                                      28 February
                                                                                       2007 (%)        (%)

NAV (p)                      98.7 p*             444.8 p             452.0 p              +1.6%          +358.0%

FTSE-100                   3417.7               6171.5              6308.0                +2.2%           +84.6%

FTSE-All-share             1717.8               3198.3              3283.2                +2.7%           +91.1%

FTSE-Smallcap              2076.1               3967.9              4013.5                +1.1%           +93.3%

HGSC + AIM
(capital gains ex I.T.)    1750.0               3917.5              4063.3                +3.7%          +132.2%


Share price                  90.9 p**            398.5 p             398.0 p              -0.1%          +337.8%

Premium/(Discount) to NAV/share as at 30th March 2007                                                    (12.0)%

UK Equity Portfolio as a % of Net Assets at 30th of March 2007***                                          72.2%

Overseas Equity Portfolio as % of Net Assets at 30th of March 2007****                                     32.8%

(Gearing)/Cash as a % of Net Assets at 30th of March 2007*****                                            (5.0)%

Number of Equity Holdings at 30th of March 2007                                                              276

*100p was the subscription price before launch costs of 1.3p

**90.9p is CGT base subscription price for shareholders adjusting for warrants which
  were issued on a 1 for 5 basis.

***Includes 2 convertibles and 1 warrant.

****Includes 2 warrants.

*****Gearing is debt net of fixed interest securities and net current assets.

The Net Assets Value at 30/03/2007  was £393.8m.

There are 87,116,010 shares currently in issue.


These figures are not audited.


This Report has  been  issued  on  behalf  of  Herald  Investment  Trust plc,
and  has  been  approved  by Herald  Investment Management Limited, its
investment manager. Herald Investment Management Limited is authorised and
regulated by the Financial Services Authority.   You should remember that past
performance is not necessarily a guide to the future.  Markets and currency
movements may cause the value of shares, and the income from them, to fall as
well as rise, and you may get back less than you invested when you decide to
sell your shares.



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