Amendment to Articles

Herald Investment Trust PLC
13 March 2008

                          Herald Investment Trust plc

                                 (the 'Company')

         Annual General Meeting - Amendment to Articles of Association

The Company has, in accordance with DTR 6.1.2, submitted a draft of the
Company's proposed revised Articles of Association to the UK Listing Authority.
The Articles are being amended for two purposes. The first is to reflect the
provisions of Section 175 of the Companies Act 2006, which relate to conflicts
of interest. The second is to increase the borrowing powers of the Company from
the current level of 30% to 50% of Shareholders' funds. If the amendments to the
Articles are approved by Shareholders at the Annual General Meeting of the
Company to be held on 22 April 2008, the first amendment will take effect from 1
October 2008 and the second from 22 April 2008.  The proposed revised Articles
of Association will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Tel. no. (0)20 7676 1000

                                                            Baillie Gifford & Co
                                                             Company Secretaries
                                                                   13 March 2008


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