HERALD INVESTMENT TRUST plc ANNUAL REPORT ...

FURTHER SHAREHOLDER INFORMATION
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How to Invest The Company’s shares are traded on the London Stock Exchange. They can be bought by
placing an order with a stockbroker or by asking a professional adviser to do so.
Sources of Further Information on the Trust The price of shares is quoted daily in the Financial
Times, The Daily Telegraph and The Times. The NAV per share is calculated and released daily to the London
Stock Exchange and monthly to the Association of Investment Companies.
Key Dates Ordinary shareholders normally receive a dividend in respect of each financial year which is
normally paid late April/early May. The AGM is normally held in April.
Taxation The price of the Ordinary shares (adjusted for the price of attributable warrants) on 21 February
1994, which was the first day of trading, was 90.9p. The amount attributable to the warrants for the purpose
of capital gains tax is 9.1p per share issued (1994 Annual Report). Up to 5 April 1998 the basis for calculating
non-trading gains or losses was the difference between that price, or any subsequent purchase price, and the
sale price, using the indexation allowance for inflation. However, this indexation allowance was frozen at 5 April
1998, and replaced by a taper relief. Taper relief, however, cannot create or increase a loss. Any shareholder
uncertain of his or her position is recommended to seek expert advice.
ISAs The Ordinary shares of the Company are qualifying investments for individual saving accounts.
Electronic Proxy Voting If you hold stock in your own name you can choose to vote by returning
proxies electronically at www.capitashareportal.com. If you have any questions about this service please
contact Capita Registrars on 0871 664 0300 (calls cost 10p per minute plus network extras, lines are open
8.30 am to 5.30 pm Monday-Friday).
Herald is an investment trust. Investment trusts offer investors the following:
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Participation in a diversified portfolio of shares.
Constant supervision by experienced professional managers.
The Company is free from capital gains tax on capital profits realised within the portfolio.
The opportunity to achieve improved performance for shareholders’ funds in rising markets by the borrowing
of additional money.
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