Performance at month end

HgCapital Trust plc

All information is at 31 March 2009 and unaudited.

Performance at month end with net income reinvested

                        One    Three     One    Three      Five
                      month   months    year    years     years
                                                               
Net asset value        0.6%    -0.5%   -6.3%    46.8%    156.1%
                                                               
Share price            5.6%     4.9%  -15.5%    10.6%    135.1%
                                                               
FTSE All-Share         3.3%    -9.1%  -29.3%   -27.5%      7.2%
Index                                                          

Sources: HgCapital, Standard & Poor's Micropal

At month end

Net asset value:*                                                     924.41p
                                                                             
Share price:                                                           701.5p
                                                                             
Discount                                                                24.1%
                                                                             
Total assets:                                                         £232.8m
                                                                             
Net yield:**                                                            3.56%
                                                                             
Gearing:                                                                 Nil%
                                                                             
Ordinary shares in issue:                                          25,186,755
                                                                             
* includes 3 months net revenue of 8.11p                                     
                                                                             
** based on the dividend payable on 11/05/2009 of 25.0p                      

The NAV is recalculated monthly with respect to cash, cash equivalents and
quoted investments in the portfolio.

Unquoted investments were last revalued at 31 December 2008.

Sector                                                           Total Assets
                                                                             
                                                                            %
                                                                             
Technology & Media                                                        8.4
                                                                             
Industrials                                                               6.1
                                                                             
Consumer & Leisure                                                        8.1
                                                                             
Healthcare                                                                5.1
                                                                             
Services                                                                 11.9
                                                                             
Renewable Energy                                                          3.0
                                                                             
Other                                                                     0.9
                                                                             
Fixed Interest                                                           48.5
                                                                             
Net current assets                                                        7.4
                                                                             
Cash                                                                      0.6
                                                                             
                                                                        100.0

Ten Largest Investments

Company                           Total Assets Sector                          
                                                                               
                                             %                                 
                                                                               
VISMA                                      6.2 Technology & Media              
                                                                               
Pulse Staffing                             5.5 Services                        
                                                                               
Mondo Minerals Co-op                       3.5 Industrials                     
                                                                               
Casa Reha                                  3.3 Healthcare                      
                                                                               
Schleich                                   3.1 Consumer                        
                                                                               
HG Renewable Energy                        3.0 Renewable Energy                
                                                                               
Achilles                                   2.2 Services                        
                                                                               
Americana                                  1.9 Consumer                        
                                                                               
Sporting Index                             1.9 Leisure                         
                                                                               
Voyage                                     1.8 Healthcare                      
                                                                               
                                          32.4                                 
                                                                               

07 April 2009