Statistic & Performance Rpt

Herald Investment Trust PLC
02 November 2007


                                             HERALD INVESTMENT TRUST
                                       STATISTICS AND PERFORMANCE REPORT

                   At inception          At                At                   Performance     Performance
                   16 February           30 September 2007 31 October 2007      since           since inception

                                                                                30 September
                   1994                                                         2007 (%)        (%)
NAV (p)                      98.7 p*             435.5 p             434.1 p              -0.3%          +339.8%
FTSE-100                   3417.7               6466.8              6721.6                +3.9%           +96.7%
FTSE-All-share             1717.8               3316.9              3454.1                +4.1%          +101.1%
FTSE-Smallcap              2076.1               3775.0              3877.2                +2.7%           +86.8%
HGSC + AIM
(capital gains ex          1750.0               3792.6              3987.9                +5.2%          +127.9%
I.T.)
Share price                  90.9 p**            380.0 p             377.0 p              -0.8%          +314.7%

Premium/(Discount) to NAV/share as at 31 October 2007                                                    (13.2)%
UK Equity Portfolio as a % of Net Assets at 31 October 2007***                                             63.1%
Overseas Equity Portfolio as % of Net Assets at 31 October 2007****                                        33.9%
(Gearing)/Cash as a % of Net Assets at 31 October 2007*****                                                 2.9%
Number of Equity Holdings at 31 October 2007                                                                 252

*100p was the subscription price before launch costs of 1.3p
**90.9p is CGT base subscription price for shareholders adjusting for warrants which
          were issued on a 1 for 5 basis.
***Includes 2 convertibles and 2 warrants.
****Includes 2 warrants.

*****Gearing is debt net of fixed interest securities and net current assets.

The Net Assets Value at 31/10/2007  was £377.6m.
There are 86,971,010 shares currently in
issue.



This Report has  been  issued  on  behalf  of  Herald  Investment  Trust plc,
and  has  been  approved  by Herald  Investment Management Limited, its
investment manager. Herald Investment Management Limited is authorised and
regulated by the Financial Services Authority. You should remember that past
performance is not necessarily a guide to the future. Markets and currency
movements may cause the value of shares, and the income from them, to fall as
well as rise, and you may get back less than you invested when you decide to
sell your shares.







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