Top 10 Holdings - December 04

HG Capital Trust PLC
05 January 2005

HgCapital Trust plc
As at 31 December 2004

Top 10 holdings:


                                                          % of total assets


Treasury 7.75% 2006                                              10.32
Tunstall Holdings                                                 9.35
Xtx                                                               6.96
WET Automotive                                                    6.80
Blue Minerva                                                      5.76
Classic Copyright                                                 5.24
Castlebeck Group                                                  4.63
Reymarine                                                         4.44
Clarion Events                                                    3.70
Clinphone Holdings                                                3.42


Other holdings over 5%:


n/a


Holdings in restricted UK listed investment companies:


n/a



5 January 2005


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