Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

HgCapital Trust plc

2. Reason for the notification (please place an X inside the appropriate
bracket/s):

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation:

HSBC Holdings plc

4. Full name of shareholder(s) (if different from 3.):

HSBC Trust Company (UK) Limited

HSBC Global Asset Management (UK) Limited

HSBC Investment Management

5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

19 September 2011

6. Date on which issuer notified:

21 September 2011

7. Threshold(s) that is/are crossed or reached:

5%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if    Situation previous to the Triggering transaction  
possible using the ISIN                                                      
CODE                                                                         
                                                                             
                         Number of shares         Number of voting Rights    
                                                                             
                                                                             
Ord 25p                  Below Disclosure         Below Disclosure Threshold 
                         Threshold                                           
GB0003921052                                                                 

Resulting situation after the triggering transaction

Class/type of     Number of shares  Number of voting rights  % of voting rights
shares if                                                                      
possible using                                                                 
the ISIN CODE                                                                  
                                                                               
                  Direct            Direct    Indirect       Direct   Indirect 
                                                                               
                                                                               
Ord 25p           0                 0         1,594,924      0        5.02%    
                                                                               
GB0003921052                                                                   

B: Financial Instruments

Resulting situation after the triggering transaction

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction

N/A

Total (A+B+C)

Number of voting       % of voting rights   
rights                                      
                                            
                                            
1,594,924              5.02%                

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable :

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Baljeet Gill

15. Contact telephone number:

0207 991 6555

14 March 2012