Performance at Month End

HgCapital Trust plc

All information is at 31 October 2007 and unaudited.

Performance at month end with net income reinvested

                       One   Three    One     Three Five years
                     month  months   year     years           
                                                              
Net asset value      -0.4%    1.0%  26.3%    110.8%     172.3%
                                                              
Share price           0.2%    3.9%  21.8%    130.4%     327.7%
                                                              
FTSE All-Share        4.3%    6.0%  13.6%     65.6%     110.0%
Index                                                         

Sources: HgCapital, Standard & Poor's Micropal

At month end

Net asset value:*                                                     849.81p
                                                                             
Share price:                                                          830.00p
                                                                             
Discount                                                                2.33%
                                                                             
Total assets:                                                         £214.0m
                                                                             
Net yield:                                                               1.7%
                                                                             
Gearing:                                                                 Nil%
                                                                             
Ordinary shares in issue:                                          25,186,755
                                                                             
* includes 10 months net revenue of                                          
25.14p.                                                                      

The NAV is recalculated monthly with respect to cash, cash equivalents and
quoted investments in the portfolio.

The NAV excludes the impact of the sale of Schenk which is expected to close at

the beginning of November, an uplift of approximately 57.0p per share over the

current NAV.

Unquoted investments were last revalued at 30 June 2007.

Sector                                                           Total Assets
                                                                             
                                                                            %
                                                                             
Technology & Media                                                       22.8
                                                                             
Industrials                                                              18.7
                                                                             
Consumer & Leisure                                                       14.6
                                                                             
Healthcare                                                                6.3
                                                                             
Services                                                                  8.2
                                                                             
Renewable Energy                                                          1.5
                                                                             
Other                                                                     0.5
                                                                             
Fixed Interest                                                           24.1
                                                                             
Net Current assets                                                        3.0
                                                                             
Cash                                                                      0.3
                                                                             
                                                                        100.0

Ten Largest Investments

Company                   Total Assets Sector                                  
                                                                               
                                     %                                         
                                                                               
Schenck                            8.1 Industrials                             
                                                                               
VISMA                              6.2 Technology & Media                      
                                                                               
BMFCO UA t/a Fabory                5.1 Services                                
                                                                               
Paragon Limited                    5.0 Healthcare                              
                                                                               
Sanctuary Spa                      3.9 Consumer & Leisure                      
                                                                               
Clarion Events                     3.4 Technology & Media                      
                                                                               
Sporting Index                     3.4 Consumer & Leisure                      
                                                                               
Mondo Minerals Co-op               3.3 Industrials                             
                                                                               
WET Automotive                     3.2 Industrials                             
                                                                               
SHL                                3.0 Services                                
                                                                               
                                  44.6                                         

5 November 2007