Statistics&Performance Rpt

Herald Investment Trust PLC
09 July 2004


The issuer advises that the following replaces the Net Asset Value released 7 July 2004 at 13.42pm
under RNS number 5954A.

The Headline should read 'Statistics & Performance Rpt' and not Net Asset Value as previously shown.
All other details remain unchanged. The full corrected version is shown below:

                                            HERALD INVESTMENT TRUST
                                       STATISTICS AND PERFORMANCE REPORT

                              At                 
                       inception                 At               At          Performance      Performance
                     16 February             31 May          30 June                since  since inception
                                                                                   31 May
                            1994               2004             2004                 2004 (%)           (%)
NAV (p)                     98.7 p*            370.4 p         385.8 p               +4.2%           +290.9%
FTSE-100                  3417.7              4430.7          4464.1                 +0.8%            +30.6%
FTSE-All-share            1717.8              2201.8          2228.7                 +1.2%            +29.7%
FTSE-Smallcap             2076.1              2508.4          2582.8                 +3.0%            +24.4%
Extended HGSC
(capital gains ex         1750.0              2447.0          2560.3                 +4.6%            +46.3%
I.T.)
Share price                 90.9 p**           300.0 p         315.8 p               +5.3%           +247.4%

Premium/(Discount) to NAV/share as at 30 June 2004                                                   (18.1)%
UK Equity Portfolio as a %  of Net Assets at 30 June 2004***                                           68.8%
Overseas Equity Portfolio as % of Net Assets at 30 June 2004****                                       29.8%
Gearing/(Cash) as a % of Net Assets at 30 June 2004*****                                              (1.4)%
Number of Equity Holdings at 30 June 2004                                                                255

*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 4 convertibles and 1 warrant
****Includes 1 convertible and 1 warrant
***** On 30 April 2004, US $47.35m was borrowed for a period of 6 months at 1.79%.

The Net Assets at 30/06/04 was £338.8m.
There are 87,807,348 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.

These figures are not audited.




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