Portfolio Update

HG Capital Trust PLC
10 April 2006

HgCapital Trust plc

All information is at 31 March 2006 and unaudited.

Performance at month end with net income reinvested

                                         One month       Three months            One       Three years       Five years
                                                                                year
Net asset value                               3.3%               7.5%          35.8%            109.6%            70.3%
Share price                                   3.9%              15.7%          34.5%            236.9%           112.6%
FTSE All-Share Index                          3.9%               8.2%          28.5%             96.0%            34.5%


Sources: HgCapital, Standard & Poor's Micropal
At month end
Net asset value:*                             657.63p
Share price:                                  665.00p
Premiun:                                      1.1%
Total assets:                                 £165.6m
Net yield:                                    1.5%
Gearing:                                      Nil%
Ordinary shares in issue:                     25,186,755

* includes 3 months net revenue of 6.22p

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 2005.
Sector                                                          Total Assets
                                                                           %

Technology                                                              34.5
Industrials                                                             16.4
Leisure                                                                 11.3
Healthcare                                                              11.0
Media                                                                    7.8
Other                                                                    1.8
Renewable Energy                                                         1.2
Consumer                                                                 0.7
Fixed Interest                                                           7.3
Net Current Assets                                                       0.1
Cash                                                                     7.9
                                                                       -----

                                                                       100.0

                                                                     -------


Ten Largest Investments
Company                                                         Total Assets Sector
                                                                           %

Xtx                                                                     12.8 Technology
FTSA                                                                     7.5 Media
Schenck                                                                  5.8 Industrials
Travelsphere                                                             4.3 Leisure
WET Automotive                                                           4.2 Industrials
Addison                                                                  4.1 Technology
Classic Copyright                                                        3.7 Media
Elite                                                                    3.7 Technology
Sporting Index                                                           3.3 Leisure
Blue Minerva                                                             3.2 Technology

                                                                      ------
                                                                        52.6

                                                                     -------


10 April 2006


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