Portfolio Update

HG Capital Trust PLC
06 June 2006

HgCapital Trust plc

All information is at 31 May 2006 and unaudited.

Performance at month end with net income reinvested

                                         One month       Three months            One       Three years       Five years
                                                                                year

Net asset value                              -1.3%               0.7%          31.9%             98.0%            63.7%
Share price                                  -5.3%              -0.2%          26.7%            166.7%            94.1%
FTSE All-Share Index                         -4.8%              -0.1%          21.8%             63.5%            22.1%


Sources: HgCapital, Standard & Poor's Micropal

At month end
Net asset value:*                             640.82p
Share price:                                  638.50p
Discount:                                     0.4%
Total assets:                                 £161.4m
Net yield:                                    1.6%
Gearing:                                      Nil%
Ordinary shares in issue:                     25,186,755

* includes 5 months net revenue of 10.02p

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                                                              38.7
Healthcare                                                              19.4
Industrials                                                             16.6
Media                                                                    8.1
Leisure                                                                  7.3
Other                                                                    1.7
Renewable Energy                                                         1.3
Consumer                                                                 0.8
Fixed Interest                                                           4.5
Net Current Assets                                                       1.5
Cash                                                                     0.1
                                                                       -----

                                                                       100.0

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Ten Largest Investments

Company                                                         Total Assets Sector
                                                                           %

Xtx                                                                      8.3 Technology
VISMA                                                                    8.3 Technology
FTSA                                                                     7.8 Media
Paragon                                                                  7.7 Healthcare
Schenck                                                                  5.9 Industrials
WET Automotive                                                           4.3 Industrials
Addison                                                                  4.2 Technology
Classic Copyright                                                        3.8 Media
Elite                                                                    3.5 Technology
Sporting Index                                                           3.4 Leisure

                                                                      ------
                                                                        57.2

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6 June 2006


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