Title: HIT Month End Factsheet 2026 04 30 WIP.xlsx URL Source: https://documentscdn.financialexpress.net/Literature/4551D4B4C088EE73B01999B2BB132458/242078299.pdf Number of Pages: 2 Markdown Content: +16.4% +16.2% +41.5% +22.2% +3,327.5% * +16.6% +17.0% +40.7% +23.7% +3,260.3% ** +7.1% 0.0% +15.9% -2.3% +705.4% +28.3% +20.2% +63.2% +44.2% +969.8% *** NAV/share (ex. income) NAV/share (inc. income) Share Price Discount Net Assets Year 2021 2022 2023 2024 2025 2021-2025 Source: LSEG Data & Analytics and Herald Investment Management Limited. Graph since inception 16/02/1994 Past performance is not a reliable indicator of future returns. 1 CELESTICA INC 3.8% 2 SILICON MOTION TECHNOL-ADR 3.4% 3 FABRINET 2.9% 4 VICOR CORP 2.9% 5 BE SEMICONDUCTOR INDUSTRIES 1.8% 6 DIPLOMA PLC 1.6% 7 BIZLINK HOLDING INC 1.6% 8 NORDIC SEMICONDUCTOR ASA 1.4% 9 VOLEX PLC 1.3% 10 TOWER SEMICONDUCTOR LTD 1.2% 21.9% Number of Holdings 251 +12.1% 3,139.0 +18.2% £1,502.3m +8.5% NAV (Total Return) 2,815.0 -10.3% Geographical Breakdown as % of Net Assets # Herald Investment Trust plc # Factsheet Company Objective Company Performance Russell 2000® Tech Index (Total Return in £ terms) ## Company Details Discrete Annual Performance +19.0% -22.8% +5.7% 5 Year 1 Month Since Inception ## 30 April 2026 Company Highlights 3,140.7 The Herald Investment Trust’s objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of technology and communications. Investments may be made across the world. * Total return based on 98.7p (100p subscription price less launch costs of 1.3p) invested at inception, excluding warrants. Performance data is based on cum-income NAV total return, except since inception performance which is based on ex-income NAV total return as cum-income NAVs are not available from inception. **Total return based on 90.9p, the 1994 CGT base subscription price for shareholders adjusting for warrants, which were issued on a 1 for 5 basis. ***Russell Investment Group, value/growth shown is from 31/03/1996; the date the funds were globalised. Top 10 Equities as a % of Net Assets Share Price (Total Return) Deutsche Numis SC + AIM ex. ICs Index (Total Return) NAV per share (Total Return) Comparative Statistics YTD 1 Year North America, 39.4% UK, 15.2% Asia Pacific, 12.3% EMEA, 9.5% Cash & Government Bonds, 23.6% 0 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 2600 2800 3000 3200 3400 3600 94 96 98 00 02 04 06 08 10 12 14 16 18 20 22 24 26 0 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 2600 2800 3000 3200 3400 3600 HIT Ex-income Diluted NAV per share - Total Return Rebased Deutsche Numis SC + AIM ex. ICs - Total Return Index Rebased HIT Share Price - Total Return Rebased Russell 2000® Technology - Total Return Index Rebased Herald Investment Management Limited, 10-11 Charterhouse Square, London, EC1M 6EE www.heralduk.com Investment ISAable? Ticker Sedol 0422864 ISIN GB0004228648 No. of Shares in Issue # Herald Investment Trust plc # Factsheet Contact Details 47,858,467 Important Information Management Fee Yes, shares are eligible to be invested in an ISA. However, as neither Herald Investment Trust plc nor Herald Investment Management Limited currently run such a scheme, you should ask your financial adviser about a suitable self-select ISA provider. Shares are quoted on the London Stock Exchange and can be purchased through a stockbroker or financial adviser. HRI (London) ## General Information No dividend was paid for the year ended 31st December 2025. The Company is not currently geared. Dividend Gearing 1% on the first £1.25bn of the Company’s net asset value and 0.8% thereafter, paid monthly in arrears. ## 30 April 2026 Herald Investment Management Limited 10-11 Charterhouse Square London EC1M 6EE Tel: 020 7553 6300 Email: info@heralduk.com Please note that past performance is not a reliable indicator of future returns. The value of shares in Herald Investment Trust plc fluctuates in accordance with the underlying performance of the securities in which it invests. As the shares are traded on a stock market, the share price will also fluctuate in accordance with supply and demand and may not reflect the underlying net asset value of the shares; where the share price is less than the underlying value of the assets per share, the difference is known as the ‘discount’. For these reasons, investors may not get back the original amount they invested. The Company may borrow money in order to make further investments. This is known as ‘gearing’ and can enhance shareholder returns in rising markets but, conversely, can reduce them in falling markets. Shareholders and prospective shareholders should not treat this factsheet as advice relating to legal, taxation, investment or any other matters and are recommended to consult their own professional advisers concerning the acquisition, holding or disposal of shares in the Company. Further information can also be found on the investment manager’s website www.heralduk.com, including copies of the Interim and Annual Reports, the PRIIPs KID and the Article 23/Fund 3.2.2R disclosure. This factsheet has been issued and approved by Herald Investment Management Limited, the investment manager, which is authorised and regulated by the Financial Conduct Authority. Herald Investment Management Limited, 10-11 Charterhouse Square, London, EC1M 6EE www.heralduk.com