Performance at Month End

HG Capital Trust PLC
15 April 2004



HgCapital Trust plc

All information is at 31 March 2004 and unaudited.

Performance at month end with net income reinvested

                                         One month       Three months            One       Three years       Five years
                                                                                year
Net asset value                               0.8%               0.0%          18.9%             -3.3%            59.0%

Share price                                   3.9%              15.7%          58.4%              0.0%            76.2%

FTSE All-Share Index                         -1.3%               0.6%          31.0%             -9.8%           -12.3%


Sources: HgCapital, Standard & Poor's Micropal

At month end

Net asset value:*                             388.84p

Share price:                                  322.50p

Discount:                                     17.1%

Total assets:                                 £103.0m

Net yield:                                    3.72%

Gearing:                                      6.2%

Ordinary shares in issue:                     25,186,755

* includes current year net revenue of 3.81p

The NAV is recalculated monthly with respect to cash, cash equivalents and
quoted investments in the portfolio.
Unquoted investments were last revalued at 31 December 2003.

UK Sector                                                     Total Assets %

Healthcare                                                              18.3

Information Technology                                                  17.9

Automotive                                                              14.1

Electronics                                                             12.2

Media                                                                    9.4

Hotels & Leisure                                                         8.4

Support Services                                                         7.4

Pharmaceuticals                                                          4.0

Overseas Venture Funds                                                   2.8

Other                                                                    0.2

Net Current Assets                                                       5.1

Cash                                                                     0.2
                                                                       100.0


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Raymarine                                                                9.7 Electronics

Xtx                                                                      7.8 Information Technology

WET Automotive                                                           7.2 Automotive

FTE Automotive                                                           6.9 Automotive

Tunstall                                                                 6.8 Healthcare

Classic Copyright                                                        5.9 Media

Match Holdings                                                           4.7 Healthcare

Patientline                                                              4.6 Healthcare

Pharma-Bio Research                                                      4.0 Pharmaceuticals

Travelsphere                                                             4.0 Hotels & Leisure

                                                                        61.6

15 April 2004




                      This information is provided by RNS
            The company news service from the London Stock Exchange