Portfolio Update

HG Capital Trust PLC
07 November 2006

HgCapital Trust plc

All information is at 31 October 2006 and unaudited.

Performance at month end with net income reinvested

                                         One month       Three months            One       Three years       Five years
                                                                                year
Net asset value                               0.0%              -0.7%          20.9%             96.1%            95.4%
Share price                                   3.3%               5.1%          20.3%            172.2%           167.1%
FTSE All-Share Index                          3.0%               5.5%          22.1%             64.6%            56.0%


Sources: HgCapital, Standard & Poor's Micropal

At month end

Net asset value:*                             685.09p
Share price:                                  693.50p
Discount:                                     1.2%
Total assets:                                 £172.6m
Net yield:                                    1.4%
Gearing:                                      Nil%
Ordinary shares in issue:                     25,186,755

* includes 10 months net revenue of 12.82p

The NAV is recalculated monthly with respect to cash, cash equivalents and
quoted investments in the portfolio.

Unquoted investments were last revalued at 30 June 2006.
Sector                                                          Total Assets
                                                                           %

Technology                                                              25.9
Industrials                                                             21.7
Healthcare                                                              10.2
Media                                                                    7.2
Leisure                                                                  5.7
Services                                                                 4.4
Renewable Energy                                                         1.7
Other                                                                    1.1
Consumer                                                                 0.9
Fixed Interest                                                          22.1
Net Current Liabilities                                                 -1.1
Cash                                                                     0.2
                                                                       -----

                                                                       100.0

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7 November 2006


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