Holding in Company

Herald Investment Trust PLC
28 February 2001


                                  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 GLOBAL 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 the registered holder(s) and, if more than one holder, the number
    of shares held by each of them

    HENDERSON INVESTORS LIMITED


5)   Number of shares/amount of stock acquired



6)     Percentage of issued class



7)   Number of shares/amount of stock disposed



8)     Percentage of issued class



9)     Class of security

       ORDINARY SHARES OF 25P


10)    Date of transaction



11)    Date company informed

       26 FEBRUARY 2001


12)   Total holding following this notification

      5,895,576


13) Total percentage holding of issued class following this notification

     7.03%


14)      Any additional information



15)   Name of contact and telephone number for queries

      PAUL CONNOLLY - BAILLIE GIFFORD & CO.
      0131 474 3210


16) Name and signature of authorised company official responsible for making
    this notification