Statistic & Perfromance Rpt

Herald Investment Trust PLC
04 September 2006


                                             HERALD INVESTMENT TRUST
                                 PRELIMINARY STATISTICS AND PERFORMANCE REPORT

                   At inception          At                At                   Performance     Performance
                   16 February                                                  since           since inception
                   1994              31 July 2006       31 Aug 2006             31 July
                                                                                2006 (%)           (%)
NAV (p)             98.7 p*             376.7 p             390.0 p              +3.5%          +295.1%
FTSE-100            3417.7               5928.3              5906.1              -0.4%           +72.8%
FTSE-All-share      1717.8               3004.3              3007.5              +0.1%           +75.1%
FTSE-Smallcap       2076.1               3383.6              3447.4              +1.9%           +66.1%
HGSC + AIM
(capital gains ex   1750.0               3335.4              3382.7              +1.4%           +93.3%
I.T.)
Share price         90.9 p**            329.8 p             341.8 p              +3.6%          +276.0%

Premium/(Discount) to NAV/share as at 31 August 2006                                            (12.4)%

UK Equity Portfolio as a %  of Net Assets at 31 August 2006***                                   64.1 %

Overseas Equity Portfolio as % of Net Assets at 31 August 2006****                                30.0%

Gearing/(Cash) as a % of Net Assets at 31 August 2006                                              6.0%

Number of Equity Holdings at 31 August 2006                                                        255

*100p was the subscription price before launch costs of 1.3p

**90.9p is CGT base subscription price for shareholders adjusting for warrants which
          were issued on a 1 for  5 basis.

***Includes 1 convertible and 2 warrants

****Includes 1 convertible and 2 warrants

The Net Assets at 31/08/2006  was £341m.

There are 87,556,010 shares currently in issue.

This Report has  been  issued  on  behalf  of  Herald  Investment  Trust plc, and  has  been  approved  by
Herald  Investment Management Limited, its investment manager. Herald Investment Management Limited is
authorised and regulated by the Financial Services Authority.   You should remember that past performance is not
necessarily a guide to the future.  Markets and currency movements may cause the value of shares, and the income
from them, to fall as well as rise, and you may get back less than you invested when you decide to sell your
shares.



These figures are not audited and are subject to revision when the income account has been finalised for the
year.





                      This information is provided by RNS
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