Performance at Month End

HgCapital Trust plc ("the Trust")

All information is at 31 October 2012, unless otherwise stated, and unaudited.

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

                      One     Three     One     Three      Five      Ten 
                     month %  months %  year %  years %   years %   years %
                                                 p.a.       p.a.     p.a.     
                                                                         
Net asset value        0.6%     3.9%    5.8%    12.0%      9.1%     15.5%
(diluted)                                                                
                                                                         
Net asset value        0.7%     4.4%    6.5%    13.2%      9.8%     15.8%
(basic)                                                                  
                                                                         
Share price            0.1%     8.5%   (1.0%)    8.0%      6.4%     19.3%
                                                                         
FTSE All-Share         1.0%     4.4%    9.8%     9.1%      1.0%      8.3%
Index                                                                    

Sources: HgCapital, Factset

Financials as at 31 October 2012

Net asset value:*                                                            
                                                                             
Diluted                                     1,174.7p
                                                                             
Basic                                       1,213.5p
                                                                 
Share price ordinary shares:                1,001.0p
                                                                             
Ordinary share price discount to NAV           14.8%
(diluted):                                                                   
                                                                             
Ordinary share price discount to NAV           17.5%
(basic):                                                                     
                                                                             
Share price subscription shares:               29.5p
                                                                             
Total net assets:                            £386.2m
                                                                             
Net yield:                                      1.0%
                                                                             
Market Capitalisation:                       £318.6m
                                                                             
Gearing:                                        Nil%
                                                                             
Ordinary shares in issue:                  31,826,507
                                                                             
Subscription shares in issue:               5,498,191
                                                                             
* includes 10 months net revenue of 32.82p                                   

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 30 June 2012.

Pro-forma financials

Following the deadline for submitting instructions in respect of the 31 October
2012 Subscription date, the Trust can confirm that Subscription rights were
exercised over 3,737,678 shares in total and pursuant to the instructions
received, the Board of the Trust will shortly approve the issue and allotment
of 3,737,678 Ordinary shares.  These shares will be admitted to trading during
November 2012 and the aggregate proceeds to be raised are £35,507,941.

The pro-forma financial information below represents the 31 October 2012
month-end financials, adjusted for the above share issue and subsequent
proceeds expected during November 2012.

Net asset value:                                                             
                                                                             
  Diluted                             1,178.2p
                                                                             
  Basic                               1,185.8p
                                                                             
Total net assets:                      £421.7m
                                                                             
Ordinary shares in issue:           35,564,185
                                                                             
Subscription shares in issue:        1,760,513


Sector                            Total Assets
                                             %
                                              
Technology & Media                        42.0
                                              
Services                                   9.6
                                              
Healthcare                                 7.2
                                              
Industrials                                8.4
                                              
Renewable Energy                           4.7
                                              
Consumer & Leisure                         3.8
                                              
Other                                      2.0
                                              
Cash and other liquid assets              22.3
                                              
                                         100.0
                                              

Ten Largest Investments

Company                           Total Assets        Sector                          
                                             %                                 
                                                                               
VISMA                                      7.4  Technology & Media              
                                                                               
TeamSystem                                 6.8  Technology & Media              
                                                                               
IAS                                        6.6  Technology & Media              
                                                                               
Lumesse                                    4.8  Technology & Media              
                                                                               
Achilles                                   4.6  Technology & Media              
                                                                               
ATC                                        4.1  Services                        
                                                                               
Group NBT                                  3.7  Technology & Media              
                                                                               
JLA                                        3.4  Services                        
                                                                               
Epyx                                       3.2  Technology & Media              
                                                                               
Manx Telecom                               3.2  Technology & Media              
                                                                               
                                          47.8                                 

07 November 2012