Portfolio Update

HG Capital Trust PLC
02 September 2005

HgCapital Trust plc



As at 31 August 2005, HgCapital Trust plc announces that it had no investments
in other listed investment companies that do not have a stated policy to invest
no more than 15% of their gross assets in other listed investment companies.


02 September 2005






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