Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                
                                                                              

 

                                                                              
1. Identity of the issuer or the underlying issuer of existing                
shares to which voting rights are attached:                      HG Capital   
                                                                 Trust PLC    
                                                                              

 

2 Reason for the notification (please tick the appropriate box or boxes):     
                                                                              

 

                                                                              
                                                                              
An acquisition or disposal of voting rights                                  X
                                                                              
                                                                              
                                                                              
An acquisition or disposal of qualifying financial instruments which may      
result in the acquisition of shares already issued to which voting rights     
are attached                                                                  
                                                                              
                                                                              
                                                                              
An acquisition or disposal of instruments with similar economic effect to     
qualifying financial instruments                                              
                                                                              
                                                                              
                                                                              
An event changing the breakdown of voting rights                              
                                                                              
                                                                              
                                                                              
Other (please specify):                                                       
                                                                              
                                                                              
                                                                              

 

3. Full name of person(s) subject to the notification   The Scottish          
obligation:                                            Investment Trust PLC   
                                                                              
                                                                              
                                                                              
4. Full name of shareholder(s) (if different from 3.):                        
                                                                              
                                                                              
                                                                              
5. Date of the transaction and date on which the        16 September 2009     
threshold is crossed or reached:                                              
                                                                              
                                                                              
                                                                              
6. Date on which issuer notified:                       17 September 2009     
                                                                              
                                                                              
                                                                              
7. Threshold(s) that is/are crossed or reached:         4%                    
                                                                              
                                                                              
                                                                              

 

8. Notified details:                                                          
                                                                              
A: Voting rights attached to shares                                           
                                                                              
                                                                              
                                                                              

 

 

Class/type of      Situation previous to the    Resulting situation after the 
shares             triggering transaction       triggering transaction        
                                                                              
 if possible using                                                            
the ISIN CODE                                                                 
                                                                              

 

           Number of Number of      Number of Number of voting % of  voting   
           Shares    Voting Rights  shares    rights           rights         
                                                                              
                                    Direct    Direct  Indirect Direct Indirect
                                                                              
Ord Shares                                                                    
of 25p     1,057,000 1,057,000      994,500   994,500          3.95%          
                                                                              
                                                                              
                                                                              

 

B: Qualifying Financial Instruments                                           
                                                                              
Resulting situation after the triggering transaction                          
                                                                              
                                                                              
                                                                              

 

Type of     Expiration Exercise/   Number of voting rights that may be % of   
financial   date       Conversion  acquired if the instrument is       voting 
instrument              Period     exercised/ converted.               rights 
                                                                              
                                                                              
                                                                              
                                                                              
                                                                              

 

C: Financial Instruments with similar economic effect to Qualifying Financial 
Instruments                                                                   
                                                                              
Resulting situation after the triggering transaction                          
                                                                              

 

Type of      Exercise Expiration Exercise/   Number of voting    % of voting  
financial    price    date       Conversion  rights instrument   rights       
instrument                       period       refers to                       
                                                                              
                                                                              
                                                                 Nominal Delta
                                                                              
                                                                              
                                                                              
                                                                              
                                                                              

 

Total (A+B+C)                                                                 
                                                                              

 

Number of voting rights             Percentage of voting rights               
                                                                              
 994,500                            3.95%                                     
                                                                              

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:                    
                                                                              
                                                                              
                                                                              

 

Proxy Voting:                                                                 
                                                                              

 

10. Name of the proxy holder:                                                 
                                                                              
                                                                              
                                                                              
11. Number of voting rights proxy holder will cease to hold:                  
                                                                              
                                                                              
                                                                              
12. Date on which proxy holder will cease to hold voting rights:              
                                                                              
                                                                              
                                                                              

 

13. Additional information:                                                   
                                                                              
                                                                              
                                                                              
14. Contact name:                                   Michael Creasey           
                                                                              
                                                                              
                                                                              
15. Contact telephone number:                       0131 225 7781