Herald Investment Trust PLC

Net Asset Value • Dec 18, 2025

National Storage Mechanism | Additional information

RNS Number : 1362M

Herald Investment Trust PLC

18 December 2025

HERALD INVESTMENT TRUST PLC
Legal Entity Identifier: 213800U7G1ROCTJYRR70
STATISTICS AND PERFORMANCE REPORT
	At inception		At		Performance since	Performance	Performance
	16 February		28 November		31 October	YTD (%)	since inception
	1994		2025		2025 (%)		(%)
NAV per share (p) excl. accrued income (capital gains)	98.7	p*	2717.5	p	-4.4%	+9.4%	+2653.3%
NAV per share (p) incl. accrued income (capital gains)	98.7	p*	2719.3	p	-4.4%	+9.3%
NAV per share (p) incl. accrued income (total return)							+2867.3%	**
Deutsche Numis SC plus AIM (ex. Investment Co's) Index (capital gains)	1750.0		5886.7		-0.5%	+7.1%	+236.4%
Russell 2000 Technology Index (capital gains in Sterling terms)	673.8	***	6019.7		-8.5%	+4.0%	+793.4%
Share price	90.9	p****	2390.0	p	-4.6%	-1.6%	+2529.3%
Premium/(Discount) to NAV (excl accrued income) per share as at 28 November 2025							(12.1)%
UK Equity Portfolio as a % of Net Asset Value at 28 November 2025							23.4%
Overseas Equity Portfolio as a % of Net Asset Value at 28 November 2025							62.4%
Cash and Government Bonds as a % of Net Asset Value at 28 November 2025*****							14.2%
Number of Equity Holdings at 28 November 2025							288
* 100p was the subscription price before launch costs of 1.3p.
** Total return (in percentage terms) on 98.7p invested at inception excluding warrants. Performance data since inception is shown ex-income
as cum-income NAV data is not available from inception.
*** Value shown is from 31/03/1996, the date the funds were globalised.
**** 90.9p is the 1994 CGT base subscription price for shareholders adjusting for warrants which were issued on a 1 for 5 basis.
***** The Company is not currently geared.
These figures are not audited
At 28 November 2025, the Net Asset Value of the Company including current year income was £1,301.4m (£1,300.6m excluding current year income).
Income is shown net of expenses.
As at 28 November 2025, there were 47,858,467 shares 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. Past performance is not a reliable indicator of future returns. 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.

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