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:

Rowan Nominees Limited

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:

22 February 2012

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

10%

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         3,075,900                3,075,900                  
                                                                             
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  2,774,813*        2,774,813 0              8.7%     0        
                                                                               
Ord GBP0.25                                                                    
                                                                               
GB0003921052                                                                   

*as at 22 February 2012

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                                      
                                            
                                            
2,774,813              8.7%                 

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

As at 22 February 2012 Rowan Nominees Limited holds 2,774,813 shares (8.7% of
voting rights) on behalf of various parties, including Mr Ian Armitage
(1,567,368 shares, 4.9% of voting rights), HgCapital staff and BBC Pension
Trust 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 7 April 2010, 5,917,160 ordinary shares were issued by HgCapital Trust plc,
resulting in a total of 31,103,915 ordinary shares in issue. At this date Rowan
Nominees Limited held 3,075,900 ordinary shares (9.9% of voting rights) meaning
that the 10% threshold had been crossed as a result of the share issue.

Subsequent share issues and changes in the holding of Rowan Nominees Limited
has resulted in the current holding of 2,774,813 ordinary shares, representing
8.7% of the total voting rights at 22 February 2012 (using 31,822,330 as the
denominator).

14. Contact name:

Alison Hampton

15. Contact telephone number:

020 7089 7958

24 February 2012