21.20 Announcement

HG Capital Trust PLC
02 June 2005

HgCapital Trust plc



Pursuant to Listing Rule 21.20. (l) (i) HgCapital Trust plc announces that, as
at the last business day of May 2005, it had no investments in listed investment
companies whose investment policies allow them to invest more than 15% of their
gross assets in other listed investment companies.





02 June 2005






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