Holding(s) in Company

Herald Investment Trust PLC
06 September 2007



TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES



(1). Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

...Herald Investment Trust plc...........



2. Reason for the notification (please state Yes/No):

.................



An acquisition or disposal of voting rights:

.................



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached:

.................



An event changing the breakdown of voting rights:

...YES..............



Other

................





3. Full name of person(s) subject to the notification obligation (iii):

...HBOS plc........





4. Full name of shareholder(s) (if different from 3.) (iv):

...See Section 9..............



5. Date of the transaction and date on which the threshold is crossed or
reached (v):

...5 September 2007..............



6. Date on which issuer notified:

...6 September 2007..............



7. Threshold(s) that is/are crossed or reached:

...Direct Holding to above 4%.......



8. Notified details:

.................







A: Voting rights attached to shares



Situation previous to the Triggering transaction (vi)


Class/type of shares if possible  Number of shares                   Number of voting Rights (viii)
using the ISIN CODE
Ord 25p Shares                    5,732,704                          5,732,704



ISIN

GB0004228648







Resulting situation after the triggering transaction (vii)


Class/type of shares if      Number of shares         Number of voting rights (ix)      % of voting rights
possible using the ISIN CODE
                             Direct                   Direct (x)   Indirect (xi)        Direct      Indirect


Ord 25p Shares               4,198,477                4,198,477    1,535,227            4.827%      1.765%



ISIN

GB0004228648







B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.


n/a







Total (A+B)
Number of voting rights        % of voting rights


5,733,704                      6.593%





9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):


Insight Investment Management (Global) Limited* ('IIMGL') - (Indirect) - 5,384,110 (6.191%)

IIMGL manages holdings on behalf of other HBOS Group companies, and other third parties external to the HBOS Group,
under various discretionary management agreements.

(* - wholly owned subsidiaries of HBOS plc.)





Proxy Voting:



10. Name of the proxy holder:

...n/a..............



11. Number of voting rights proxy holder will cease to hold:

...n/a..............



12. Date on which proxy holder will cease to hold voting rights:

...n/a..............



13. Additional information:

     ...Notification using the total voting rights figure of 86,971,010.........
....



14. Contact name:

...Lynn Mathewson..............



15. Contact telephone number:

...0131 275 3185..............






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