Statistic & Performance Rpt

Herald Investment Trust PLC
03 July 2007


                                             HERALD INVESTMENT TRUST
                                 PRELIMINARY STATISTICS AND PERFORMANCE REPORT

                   At inception          At                At                   Performance     Performance
                   16 February           31 May 2007       29 June 2007         since           since inception

                                                                                31 May
                   1994                                                         2007 (%)        (%)
NAV (p)                      98.7 p*             475.5 p             474.1 p              -0.3%          +380.3%
FTSE-100                   3417.7               6621.4              6607.9                -0.2%           +93.3%
FTSE-All-share             1717.8               3438.7              3404.1                -1.0%           +98.2%
FTSE-Smallcap              2076.1               4180.4              4021.6                -3.8%           +93.7%
HGSC + AIM
(capital gains ex          1750.0               4247.4              4112.2                -3.2%          +135.0%
I.T.)
Share price                  90.9 p**            408.3 p             407.5 p              -0.2%          +348.3%
Premium/(Discount) to NAV/share as at 29 June 2007                                                       (14.0)%
UK Equity Portfolio as a % of Net Assets at 29 June 2007***                                                73.5%
Overseas Equity Portfolio as % of Net Assets at 29 June 2007****                                           33.0%
(Gearing)/Cash as a % of Net Assets at 29 June 2007*****                                                  (6.5)%
Number of Equity Holdings at 29 June 2007                                                                    270
*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 29/06/2007  was £412.3m.
There are 86,971,010 shares currently in
issue.

These figures are not audited and are subject to revision when the income has been finalised for the interim
period covering the six months ended 30th June 2007.

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