Herald Regulatory News (HRI)

HERALD INVESTMENT TRUST

STATISTICS AND PERFORMANCE REPORT

At inception

At

Performance since

Performance

Performance

16 February

31 August

29 July

YTD (%)

since inception

1994

2016

2016 (%)

(%)

NAV (p) excl accrued income

98.7

p*

1010.2

p

+5.1%

+14.6%

+923.5%

NAV (p) incl accrued income

98.7

p*

1010.7

p

+5.1%

+14.6%

+984.7%

**

Numis SC + AIM(capital gains ex I.T.)

1750.0

4786.2

+3.4%

+3.4%

+173.5%

Russell 2000 Technology Index (capital gains in Sterling terms)

673.8

 ***

1971.5

+4.9%

+28.0%

+192.6%

Share price

90.9

p****

795.0

p

+4.6%

+6.7%

+774.6%

Premium/(Discount) to NAV (excl accrued income)/share as at 31st August 2016

(21.3)%

UK Equity Portfolio as a % of Net Asset Value at 31st August 2016*****

60.0%

Overseas Equity Portfolio as a % of Net Asset Value at 31st August 2016

34.1%

(Gearing)/Cash as a % of Net Asset Value at 31st August 2016******

5.9%

Number of Equity Holdings at 31st August 2016

259

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

** Total return (in percentage terms) on 100p invested at inception

***Value shown is from 31/03/1996 the date funds were first available for international investment.

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

*****Includes 2 convertible bonds and 1 convertible preference share.

****** Gearing is total assets (including all debt used for investment purposes) less all cash and fixed interest securities (excluding convertibles and corporate bonds) divided by shareholders' funds.

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

At 31/08/2016 the Net Asset Value including current year income was £753.9m (£753.5m excluding current year income). Income is shown net of expenses.

There are 74,593,701 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 Conduct 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.