Annual Information Update

Herald Investment Trust PLC
25 March 2008

                          HERALD INVESTMENT TRUST plc



                           ANNUAL INFORMATION UPDATE



Pursuant to the requirements of Prospectus Rule 5.2 the following summarises the
information that has been published or made available to the public by the
Company throughout the twelve months ended 13 March 2008.



The information referred to below was provided as at a specific date and may now
be out of date.  In addition to the information listed below, the Company has
announced daily net asset values per Ordinary share as at the close of the
previous business day.



The announcements listed below have been published via a Regulatory Information
Service and can be found on http://www.londonstockeschange.com/.


Date                     Description
13 March 2008            Annual Report & Accounts
13 March 2008            Amendment to Articles
6 March 2008             Statistic and Performance Report
6 March 2008             Transaction in Own Shares
4 March 2008             Voting Rights and Capital
27 February 2008         Transaction in Own Shares
27 February 2008         Rule 8.3
26 February 2008         Transaction in Own Shares
22 February 2008         Transaction in Own Shares
20 February 2008         Final Results
8 February 2008          Transaction in Own Shares
7 February 2008          Statistics and Performance Report
7 February 2008          Transaction in Own Shares
5 February 2008          Transaction in Own Shares
1 February 2008          Voting Rights and Capital
31 January 2008          Transaction in Own Shares
23 January 2008          Rule 8.3
22 January 2008          Rule 8.3
18 January 2008          Directorate Change
16 January 2008          Rule 8.3
7 January 2008           Listing Rule 15.5.1 (4)
7 January 2008           Statistic and Performance Report
3 January 2008           Portfolio Update
18 December 2007         Holding(s) in Company
14 December 2007         Rule 8.3
13 December 2007         Rule 8.3
6 December 2007          Statistic and Performance Report
2 November 2007          Statistic and Performance Report
2 October 2007           Statistic and Performance Report
2 October 2007           Portfolio Update
10 September 2007        Rule 8.3
6 September 2007         Holding(s) in Company
6 September 2007         Statistic and Performance Report
14 August 2007           Holding(s) in Company
7 August 2007            Lodge Interim Report
2 August 2007            Statistic and Performance Report
26 July 2007             Interim Results
3 July 2007              Statistic and Performance Report
3 July 2007              Voting Rights and Capital
3 July 2007              Portfolio Update
28 June 2007             Transaction in Own Shares
27 June 2007             Transaction in Own Shares
5 June 2007              Statistic and Performance Report
18 May 2007              Holding(s) in Company
4 May 2007               Statistic and Performance Report
2 May 2007               Annual Report
27 April 2007            Rule 8.3
26 April 2007            AGM Statement
10 April 2007            Holding(s) in Company
4 April 2007             Statistic and Performance Report
3 April 2007             Portfolio Update
3 April 2007             Voting Rights and Capital
21 March 2007            Holding(s) in Company
21 March 2007            Holding(s) in Company
20 March 2007            Annual Information Update





The documents listed below were filed with Companies House.  Copies of these
documents can be obtained from Companies House or through Companies House direct
at http://www.direct.companieshouse.gov.uk/.




Date                     Description
12 March 2008            Form 169 - Share Buyback
11 March 2008            Form 169 - Share Buyback
30 January 2008          Appointment of new Director
17 January 2008          Amendment to Articles of Association
13 December 2007         Annual Return
24 July 2007             Form 169 - Share Buyback
24 July 2007             Form 169 - Share Buyback
21 May 2007              Special Resolution
16 May 2007              Form 169 - Share Buyback
8 May 2007               Annual Report
3 April 2007             Form 169 - Share Buyback







                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                   25 March 2008




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