Top 10 Holdings - March 2004

HG Capital Trust PLC
02 April 2004


HgCapital Trust plc
As at 31 March 2004


Top 10 holdings:
                                                          % of total assets

Raymarine                                                        9.39
Xtx                                                              7.53
WET Automotive                                                   6.96
FTE Automotive                                                   6.69
Tunstall Holdings                                                6.55
Classic Copyright                                                5.69
Match Holdings                                                   4.54
Patientline                                                      4.45
Pharma Bio Research                                              3.88
Travelsphere                                                     3.86


Other holdings over 5%:

n/a


Holdings in restricted UK listed investment companies:

n/a


2 April 2004


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