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:

Ian Armitage

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

Rowan Nominees Limited

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

10 June 2011

6. Date on which issuer notified:

22 February 2012

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    
                                                                             
                                                                             
HG Capital Trust         0                        1,567,368                  
                                                                             
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  0                 0         1,567,368      0        4.9%     
                                                                               
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                                      
                                            
                                            
1,567,368              4.9%                 

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

Mr Ian Armitage holds 1,567,368 shares (4.9% of voting rights) through Rowan
Nominees Limited.

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:

On 10 June 2011, HgCapital Trust plc announced that 695,810 ordinary shares had
been issued, resulting in a total of 31,799,725 ordinary shares in issue. At
this date Ian Armitage held 1,567,368 shares (4.9% of voting rights) meaning
that the 5% threshold had been crossed as a result of the issue.

14. Contact name:

Alison Hampton

15. Contact telephone number:

020 7089 7958

24 February 2012