Listing Rule 15.5.1(4)

Herald Investment Trust PLC
07 January 2008

                          HERALD INVESTMENT TRUST PLC

                                ('The Company')

                             LISTING RULE 15.5.1(4)



In accordance with Listing Rule 15.5.1(4), the Directors of the Company confirm
that they are satisfied that all inside information which the Directors and the
Company have leading up to the announcement of the results for the year ended 31
December 2007 has been notified to a Regulated Information Service.



                                                            Baillie Gifford & Co

                                                             Company Secretaries

                                                                  7 January 2008


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