Performance at month end

HG Capital Trust PLC
08 April 2005


HgCapital Trust

All information is at 31 March 2005 and unaudited.

Performance at month end with net income reinvested

                         One month    Three months       One     Three      Five 
                                                        year     years     years  

Net asset value               2.4%            3.2%     28.6%     36.7%     50.5%
Share price                   5.2%           11.2%     55.7%     71.0%     92.4%
FTSE All-Share Index          0.9%            3.0%     15.6%      6.4%     -7.9%

Sources: HgCapital, Standard & Poor's Micropal

At month end

Net asset value:*                             491.61p
Share price:                                  502.00p
Discount:                                     2.1%
Total assets:                                 £122.1m
Net yield:                                    1.6%
Gearing:                                      Nil%
Ordinary shares in issue:                     25,186,755

* includes current year net revenue of 6.72p

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 2004.

Sector                                                          Total Assets
                                                                           %

Technology                                                              21.1
Healthcare                                                              20.1
Industrials                                                             14.5
Media                                                                   11.9
Leisure                                                                  6.8
Consumer                                                                 3.8
Other                                                                    2.2
Renewable Energy                                                         0.8
Fixed Interest                                                          16.3
Net Current Assets                                                       1.7
Cash                                                                     0.8
                                                                       100.0

Ten Largest Investments

Company                                           Total Assets    Sector
                                                             %

Xtx                                                        9.8   Technology
Tunstall                                                   9.0   Healthcare
WET Automotive                                             6.2   Industrials
FTE Automotive                                             5.7   Industrials
Blue Minerva                                               5.4   Technology
Classic Copyright                                          4.9   Media
Clarion Events                                             3.5   Media
Eagle Rock                                                 3.5   Media
Raymarine                                                  3.3   Consumer
Travelsphere                                               3.3   Leisure
                                                          54.6


The sale of FTE Automotive to PAI Partners announced in March 2005, is
conditional upon the approval of competition authorities in certain
jurisdictions, and is expected to close in the second quarter of 2005.  The
estimated impact of the sale of 28p per share is currently not reflected in the
NAV as at 31 March 2005.

8 April 2005


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