Change of Adviser

HG Capital Trust PLC
09 March 2004

CHANGE OF ADVISER

The Board of HgCapital Trust plc is pleased to announce the appointment of Close
Brothers Securities as corporate broker to the Company, with effect from 1
February 2004.

Enquiries:

Ian Armitage, HgCapital
Tel:  [phone]

David Benda, Close Brothers Securities
Tel:  [phone]

Note:  Close Brothers Securities is a division of Winterflood Securities Limited

9 March 2004


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