Performance at Month End

HgCapital Trust plc

All information is at 31 March 2012 and unaudited.

Historical total return (with net income reinvested) performance at month end

                  One month    Three     One    Three      Five Ten years
                          % months %  year %  years %   years %    % p.a.
                                                 p.a.      p.a.          
                                                                         
Net asset value        0.0%     1.0%  (0.8%)     8.1%      9.6%     13.2%
(diluted)                                                                
                                                                         
Net asset value        0.0%     1.2%  (1.7%)     8.9%     10.1%     13.4%
(basic)                                                                  
                                                                         
Share price           (1.2%)   (1.2%) (8.7%)    14.1%      5.9%     14.4%
                                                                         
FTSE All-Share        (0.9%)    6.1%   2.4%     18.8%       1.8%     5.2%
Index                                                                    

Sources: HgCapital, Factset

At month end

Net asset value:*                                                            
                                                                             
  Basic                                                              1,102.5p
                                                                             
  Diluted                                                            1,080.0p
                                                                             
Share price ordinary shares:                                           958.0p
                                                                             
Ordinary share price discount to NAV                                    13.1%
(basic):                                                                     
                                                                             
Ordinary share price discount to NAV                                    11.3%
(diluted):                                                                   
                                                                             
Share price subscription shares:                                        56.5p
                                                                             
Total net assets:                                                     £350.8m
                                                                             
Net yield:                                                               1.0%
                                                                             
Market Capitalisation:                                                £304.9m
                                                                             
Gearing:                                                                 Nil%
                                                                             
Ordinary shares in issue:                                          31,822,330
                                                                             
Subscription shares in issue:                                       5,502,368
                                                                             
* includes 3 months net revenue of 9.45p                                     

The NAV is recalculated monthly with respect to cash, cash equivalents, quoted
investments in the portfolio and foreign exchange movements on the unquoted
investments. Unquoted investments were last revalued at 31 December 2011.

Sector                                                           Total Assets
                                                                             
                                                                            %
                                                                             
Technology & Media                                                       43.6
                                                                             
Services                                                                 13.7
                                                                             
Healthcare                                                               11.4
                                                                             
Renewable Energy                                                          6.3
                                                                             
Industrials                                                               5.1
                                                                             
Consumer & Leisure                                                        3.6
                                                                             
Other                                                                     2.8
                                                                             
Cash and other liquid assets                                             13.5
                                                                             
                                                                        100.0

Ten Largest Investments

Company                           Total Assets Sector                          
                                                                               
                                             %                                 
                                                                               
TeamSystem                                 7.5 Technology & Media              
                                                                               
IAS                                        7.3 Technology & Media              
                                                                               
VISMA                                      6.7 Technology & Media              
                                                                               
SHL                                        6.1 Services                        
                                                                               
Lumesse                                    4.8 Technology & Media              
                                                                               
Group NBT                                  4.7 Technology & Media              
                                                                               
Midas EquityCo                             4.7 Healthcare                      
                                                                               
Hg Renewable Energy                        4.5 Renewable Energy                
                                                                               
Achilles                                   4.2 Technology & Media              
                                                                               
ATC                                        4.1 Services                        
                                                                               
                                          54.6                                 

05 April 2012