Holding(s) in Company

HG Capital Trust PLC
09 January 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company:

HgCapital Trust plc

2) Name of shareholder having a major interest:

Gartmore Investment Limited (GIL), Gartmore Fund Managers Limited (GFM) and
Gartmore Global Partners (GGP) - Subsidiaries of Gartmore Investment Management
plc.

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18:

Non-Beneficial

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them:

Gartmore No:2 General Partner Scottish Limited Partnership

5) Number of shares/amount of stock acquired:

3,030,659

6) Percentage of issued class:

12.03%

7) Number of shares/amount of stock disposed:

N/A

8) Percentage of issued class:

N/A

9) Class of security:

Ordinary shares of 25p each

10) Date of transaction:

2 January 2004

11) Date company informed:

9 January 2004

12) Total holding following this notification:

3,030,659

13) Total percentage holding of issued class following this notification:

12.03%

14) Any additional information:

This is a new investment vehicle.  Investment previously held by:

The Royal Bank of Scotland Group plc
The Royal Bank of Scotland plc
National Westminster Bank Plc
And RBS Pension Trustees Ltd N/A

15) Name of contact and telephone number for queries:

Ms L Nagrecha - 020 7743 5153

16) Name and signature of authorised company official responsible for
making this notification:

Ms L Nagrecha
For Merrill Lynch Investment Managers Group Services Limited
Secretary

17) Date of notification:

9 January 2004


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