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):

Reduction in percentage of voting rights held following share issue

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

Oxfordshire County Council Pension Fund

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

N/A

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

7 April 2010

6. Date on which issuer notified:

15 February 2012

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

7%, 6%, 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    
                                                                             
                                                                             
HG Capital Trust         1,782,500                1,782,500                  
                                                                             
Ord GBP0.25                                                                  
                                                                             
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 
                                                                               
                                                                               
HG Capital Trust  1,677,500         1,677,500 0              5.27%    0        
                                                                               
Ord GBP0.25                                                                    
                                                                               
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                                      
                                            
                                            
1,677,500              5.27%                

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:

Oxfordshire County Council Pension Fund held 1,782,500 shares, 7.08% of shares
in issue, when the previous TR-1 form was submitted on 27/2/09.

On 7/4/10, 5,917,160 shares were issued, resulting in a total of 31,103,915
shares in issue. At this date Oxfordshire County Council Pension Fund still
held 1,782,500 shares (5.73% of voting rights) meaning that the 7%, 6% and 5%
thresholds had been crossed. Subsequent share issues and sale of shares
occurring during the period 8/4/2010 to 15/2/2012 have not resulted in any
further thresholds being crossed.

The current percentage of voting rights held (5.27%) has been calculated using
the total voting rights figure of 31,822,330 announced by HgCapital Trust on 1
December 2011.

14. Contact name:

Deione Walton

15. Contact telephone number:

01865 323979

16 February 2012