Holding in Company

Herald Investment Trust PLC
31 July 2000


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Herald Investment Trust plc

2   Name of shareholder having a major interest:
Henderson Investors Limited

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:


4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
Henderson Investors Limited and its associated companies (acting as agent for
its discretionary clients)

5   Number of shares/amount of stock acquired:


6   Percentage of issued class:


7   Number of shares/amount of stock disposed:
4,759

8   Percentage of issued class:


9   Class of security:
Ordinary shares of 25p

10  Date of transaction:
26th July 2000

11  Date company informed:
28th July 2000

12  Total holding following this notification:
8,352,687

13  Total percentage holding of issued class following this notification:
9.96%

14  Contact name for queries:
James Ayling of Stewart Ivory & Company Limited 

15 Contact telephone number:
0131 226 3271

16  Name of company official responsible for making notification:


17  Date of notification:

Additional Information: