Holding(s) in Company

Herald Investment Trust PLC
21 March 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:

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



Other - Yes

Initial notification of holding upon implementation of the Disclosure and
Transparency Rules.





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

...British Empire Securities and General Trust Plc........





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

...As above..............



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

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



6. Date on which issuer notified:

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



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

...n/a.....



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

GB 0004228648                     3,158,418                          3,158,418

Ordinary 25p Shares




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


GB 0004228648                3,158,418                3,158,418                         3.63%

Ordinary 25p Shares





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


3,158,418                      3.63%



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

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



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:

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



14. Contact name:

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



15. Contact telephone number:

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



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