Portfolio Update

HG Capital Trust PLC
12 December 2006

HgCapital Trust plc

All information is at 30 November 2006 and unaudited.

Performance at month end with net income reinvested

                                         One month       Three months            One       Three years       Five years
                                                                                year
Net asset value                               0.5%               1.3%          19.1%             92.5%            95.3%
Share price                                  -0.5%               4.0%          20.2%            164.0%           172.1%
FTSE All-Share Index                         -0.3%               4.4%          17.5%             60.3%            46.5%


Sources: HgCapital, Standard & Poor's Micropal
At month end
Net asset value:*                             688.85p
Share price:                                  690.00p
Premium:                                      0.2%
Total assets:                                 £173.5m
Net yield:                                    1.4%
Gearing:                                      Nil
Ordinary shares in issue:                     25,186,755

* includes 11 months net revenue of 15.58p

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                                                             26.1
Industrials                                                            21.7
Healthcare                                                             10.1
Media                                                                   7.2
Leisure                                                                 5.7
Services                                                                4.4
Renewable Energy                                                        1.5
Other                                                                   1.0
Consumer                                                                0.9
Fixed Interest                                                         22.1
Net Current Liabilities                                                (1.1)
Cash                                                                    0.4
                                                                      -----

                                                                      100.0

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12 December 2006


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