Statistics & Performance Rpt.

Herald Investment Trust PLC
06 March 2008





                                             HERALD INVESTMENT TRUST
                                       STATISTICS AND PERFORMANCE REPORT

                   At inception          At                At                   Performance     Performance
                   16 February           31 January 2008   29 February          since           since inception
                   1994                                    2008                 31 January
                                                                                2008 (%)        (%)
NAV (p)                      98.7 p*             354.6 p             363.6 p              +2.5%          +268.4%
FTSE-100                   3417.7               5879.8              5884.3                +0.1%           +72.2%
FTSE-All-share             1717.8               3000.1              3013.0                +0.4%           +75.4%
FTSE-Smallcap              2076.1               3123.0              3251.9                +4.1%           +56.6%
HGSC + AIM
(capital gains ex          1750.0               3297.0              3415.2                +3.6%           +95.2%
I.T.)
Share price                  90.9 p**            286.0 p             302.5 p              +5.8%          +232.8%

Premium/(Discount) to NAV/share as at 29 February 2008                                                   (16.8)%
UK Equity Portfolio as a % of Net Assets at 29 February 2008***                                            62.6%
Overseas Equity Portfolio as % of Net Assets at 29 February 2008****                                       29.1%
(Gearing)/Cash as a % of Net Assets at 29 February 2008*****                                                8.3%
Number of Equity Holdings at 29 February 2008                                                                242



*     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 2 warrants.
****  Includes 2 warrants.
***** Gearing is debt net of fixed interest securities and net current assets. Cash includes
      fixed interest securities and net current assets.

The Net Assets Value at 29/02/2008 was £313.0m.
There are 86,086,523 shares currently in
issue.

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