Performance at month end

HgCapital Trust plc

All information is at 30 November 2008 and unaudited.

Performance at month end with net income reinvested

                        One    Three     One    Three      Five
                      month   months    year    years     years
                                                               
Net asset value      1.5%       4.8%   22.9%    99.1%    221.8%
                                                               
Share price          -10.3%   -27.6%  -19.3%    18.7%    160.7%
                                                               
FTSE All-Share        -1.7%   -22.6%  -32.2%   -13.6%     17.8%
Index                                                          

Sources: HgCapital, Standard & Poor's Micropal

At month end

Net asset value:*                            1,102.92p                     
                                                                           
Share price:                                   650.00p                     
                                                                           
Discount                                         41.1%                     
                                                                           
Total assets:                                  £277.8m                     
                                                                           
Net yield:                                       3.85%                     
                                                                           
Gearing:                                          Nil%                     
                                                                           
Ordinary shares in issue:                   25,186,755                     
                                                                           
* includes 11 months net revenue of 51.10p and is                          
after providing for the                                                    
                                                                           
carried interest.                                                          

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

Unquoted investments were last revalued at 30 June 2008.

Sector                                                           Total Assets
                                                                             
                                                                            %
                                                                             
Technology & Media                                                        9.9
                                                                             
Industrials                                                              10.3
                                                                             
Consumer & Leisure                                                        8.2
                                                                             
Healthcare                                                                6.5
                                                                             
Services                                                                 12.9
                                                                             
Renewable Energy                                                          1.4
                                                                             
Other                                                                     0.9
                                                                             
Fixed Interest                                                           44.7
                                                                             
Net current assets                                                        5.1
                                                                             
Cash                                                                      0.1
                                                                             
                                                                        100.0

Ten Largest Investments

Company                           Total Assets Sector                          
                                                                               
                                             %                                 
                                                                               
VISMA                                      5.4 Technology & Media              
                                                                               
Casa Reha                                  3.3 Healthcare                      
                                                                               
Voyage Healthcare                          3.2 Healthcare                      
                                                                               
BMFCO UA t/a Fabory                        3.1 Services                        
                                                                               
Mondo Minerals Co-op                       3.0 Industrials                     
                                                                               
Atlas t/a Atlas Interactive                2.9 Services                        
                                                                               
Elite                                      2.9 Technology & Media              
                                                                               
SLV Electronic                             2.6 Industrials                     
                                                                               
Sporting Index                             2.6 Consumer & Leisure              
                                                                               
Pulse Staffing                             2.5 Services                        
                                                                               
                                          31.5                                 

04 December 2008