Statistics & Performance Rpt.

Herald Investment Trust PLC
08 May 2008


                                             HERALD INVESTMENT TRUST
                                       STATISTICS AND PERFORMANCE REPORT

                         At inception           At                At                   Performance     Performance
                          16 February           31 March 2008     30 April 2008        since           since inception
                          1994                                                         31 March        (%)
                                                                                       2008 (%)        
NAV (p)                      98.7 p*             348.0 p             365.7 p              +5.1%          +270.5%
FTSE-100                   3417.7               5702.1              6087.3                +6.8%           +78.1%
FTSE-All-share             1717.8               2927.1              3099.9                +5.9%           +80.5%
FTSE-Smallcap              2076.1               3055.4              3154.4                +3.2%           +51.9%
HGSC + AIM
(capital gains ex          1750.0               3287.1              3325.1                +1.2%           +90.0%
I.T.)
Share price                  90.9 p**            277.0 p             294.8 p              +6.4%          +224.3%

Premium/(Discount) to NAV/share as at 30 April 2008                                                      (19.4)%

UK Equity Portfolio as a % of Net Assets at 30 April 2008***                                               61.6%

Overseas Equity Portfolio as % of Net Assets at 30 April 2008****                                          31.9%

(Gearing)/Cash as a % of Net Assets at 30 April 2008*****                                                   6.5%

Number of Equity Holdings at 30 April 2008                                                                   246

*    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. 
     Cash includes fixed interest securities and net current assets.

The Net Assets Value at 30/04/2008 was £314.6m.
There are 86,036,523 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