Result of AGM

Herald Investment Trust PLC
22 April 2008

                          HERALD INVESTMENT TRUST plc

                     Annual General Meeting, 22 April 2008

At the AGM held on 22 April 2008 all resolutions were passed, including those
detailed below:

Special Business

•    Shareholders authorised the Company to renew its share buy back authority.

     Shareholders approved a special resolution renewing the Company's authority 
     to make market purchases of up to 14.99 per cent of the Company's issued 
     share capital, being 12,896,874 ordinary shares of 25p.

     Such authority will expire at the conclusion of the AGM to be held in 2009,
     unless previously varied, revoked or renewed.

•    Shareholders approved a special resolution to amend the Company's Articles 
     of Association with effect from 1 October 2008.  The amendments are to
     reflect the provisions of Section 175 of the Companies Act 2006, which 
     relate to conflicts of interest and which come into force on 1 October 2008.

•    Shareholders approved a special resolution to increase the Company's 
     borrowing powers.

     The full text of the resolution is as follows:

     '12. That, the Articles of Association of the Company be and are hereby 
     amended by deleting the words '30 per cent' contained in Article 97(B) 
     thereto and substituting therefore the words '50 per cent'.

A copy of the resolutions passed under special business have been submitted to
the UK Listing Authority and will shortly be available for inspection at the UK
Listing Authority's Document Viewing Facility at the address below.

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

Tel. no. (0)20 7066 1000



                                                            Baillie Gifford & Co
                                                             Company Secretaries
                                                                   22 April 2008




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