Transaction in Own Shares

Herald Investment Trust PLC
27 June 2007

                            HERALD INVESTMENT TRUST plc

                           Purchase of Own Securities

On 26 June 2007, the Company purchased for cancellation 100,000 ordinary shares
at a price of  408.9905p.

There remain 87,016,010 ordinary shares in issue.

                                                            Baillie Gifford & Co
                                                             Company Secretaries
                                                                    27 June 2007


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