Performance at Month End

HgCapital Trust plc

All information is at 30 November 2007 and unaudited.

Performance at month end with net income reinvested

                       One   Three    One     Three Five years
                     month  months   year     years           
                                                              
Net asset value       8.3%    9.1%  36.0%    125.3%     191.1%
                                                              
Share price          -1.2%   -5.2%  20.9%    118.1%     322.5%
                                                              
FTSE All-Share       -8.3%   -2.5%   4.5%     48.3%      86.0%
Index                                                         

Sources: HgCapital, Standard & Poor's Micropal

At month end

Net asset value:*                                                     920.11p
                                                                             
Share price:                                                          820.00p
                                                                             
Discount                                                                10.9%
                                                                             
Total assets:                                                         £231.7m
                                                                             
Net yield:                                                               1.7%
                                                                             
Gearing:                                                                 Nil%
                                                                             
Ordinary shares in issue:                                          25,186,755
                                                                             
* includes 11 months net revenue of                                          
33.98p.                                                                      

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 Hofmann M.M. SA which is expected to
complete in January, an uplift of approximately 20.0p per share over the
current NAV.

Unquoted investments were last revalued at 30 June 2007.

Sector                                                           Total Assets
                                                                             
                                                                            %
                                                                             
Technology & Media                                                       21.0
                                                                             
Industrials                                                              10.5
                                                                             
Consumer & Leisure                                                       13.5
                                                                             
Healthcare                                                                5.8
                                                                             
Services                                                                 11.3
                                                                             
Renewable Energy                                                          1.4
                                                                             
Other                                                                     0.5
                                                                             
Fixed Interest                                                           33.8
                                                                             
Net Current assets                                                        2.1
                                                                             
Cash                                                                      0.1
                                                                             
                                                                        100.0

Ten Largest Investments

Company                           Total Assets Sector                          
                                                                               
                                             %                                 
                                                                               
VISMA                                      5.7 Technology & Media              
                                                                               
BMFCO UA t/a Fabory                        4.8 Services                        
                                                                               
Voyage Healthcare                          4.6 Healthcare                      
                                                                               
Sanctuary Spa                              3.7 Consumer & Leisure              
                                                                               
Atlas t/a Atlas Interactive                3.5 Services                        
                                                                               
Clarion Events                             3.1 Technology & Media              
                                                                               
Sporting Index                             3.1 Consumer & Leisure              
                                                                               
Mondo Minerals Co-op                       3.1 Industrials                     
                                                                               
WET Automotive                             3.0 Industrials                     
                                                                               
Addison                                    2.9 Technology & Media              
                                                                               
                                          37.5                                 

5 December 2007