Top 10 Holdings - June 2004

HG Capital Trust PLC
02 July 2004

Hg Capital Trust plc
As at 30 June 2004

Top 10 holdings:


                                                                     % of total assets


Raymarine                                                                         9.16
Xtx                                                                               7.34
Tunstall Holdings                                                                 7.14
WET Automotive                                                                    6.81
FTE Automotive                                                                    6.54
Classic Copyright                                                                 5.55
Match Holdings                                                                    4.43
Patientline                                                                       4.15
Pharma Bio                                                                        4.12
Travelsphere                                                                      3.77


Other holdings over 5%:


n/a


Holdings in restricted UK listed investment companies:


n/a



2 July 2004


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