Statistic & Performance Rpt

Herald Investment Trust PLC
05 February 2007


                                             HERALD INVESTMENT TRUST
                                 PRELIMINARY STATISTICS AND PERFORMANCE REPORT

                        At inception              At              At                Performance     Performance
                        16 February      31 December 2006    31 January 2007        since           since inception
                               1994                                                 31 December
                                                                                    2006 (%)                (%)
NAV (p)                      98.7 p*             433.2 p             435.3 p              +0.5%          +341.1%
FTSE-100                   3417.7               6220.8              6203.1                -0.3%           +81.5%
FTSE-All-share             1717.8               3221.4              3211.8                -0.3%           +87.0%
FTSE-Smallcap              2076.1               3905.6              3947.4                +1.1%           +90.1%
HGSC + AIM
(capital gains ex          1750.0               3838.3              3885.0                +1.2%          +122.0%
I.T.)
Share price                  90.9 p**            383.5 p             392.5 p              +2.3%          +331.8%
Premium/(Discount) to NAV/share as at 31st of January 2007                                                (9.8)%
UK Equity Portfolio as a % of Net Assets at 31st of January 2007***                                        70.1%
Overseas Equity Portfolio as % of Net Assets at 31st of January 2007****                                   31.5%
(Gearing)/Cash as a % of Net Assets at 31st of January 2007*****                                          (1.6)%
Number of Equity Holdings at 31st of January 2007                                                            268
*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 1 convertible and 1 warrant.

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

The Net Assets Value at 31/01/2007  was £381.2m.
There are 87,556,010 shares currently in
issue.


These figures are not audited and are subject to revision when the income
account has been finalised for the year. In addition the final dividend has not
yet been declared.





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