Portfolio Update

HG Capital Trust PLC
03 April 2007


HG Capital Trust PLC
As at 30 March 2007


Top 10 Private Equity Holdings:
Addison
Elite
FTSA Holdings
Paragon Limited
Schenck
Surrey 1
The Sanctuary Spa
VISMA
WET Automotive
Xtx


Other holdings over 5%:
n/a


Holdings in restricted UK listed investment companies:
n/a

3 April 2007