Voting Rights & Capital

Herald Investment Trust PLC
04 March 2008

                          Herald Investment Trust PLC

                           Voting Rights and Capital

In conformity with the Transparency Directive's transitional provision 6 we
would like to notify the market of the following:

Herald Investment Trust PLC's capital consists of 86,086,523 ordinary shares
with voting rights.

The above figure (86,086,523) may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, Herald Investment Trust PLC
under the FSA's Disclosure and Transparency Rules.

                                                            Baillie Gifford & Co
                                                             Company Secretaries
                                                                    4 March 2008




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