Performance at Month End

HgCapital Trust plc

All information is at 31 May 2012 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    (0.3%)    (0.9%)   (4.1%)      7.9%      9.2%      13.4%
(diluted)                                                                
                                                                         
Net asset value    (0.4%)    (1.2%)   (5.1%)      8.6%      9.6%      13.6%
(basic)                                                                  
                                                                         
Share price        (4.2%)    (5.1%)   (18.6%)     6.1%      3.6%      14.0%
                                                                         
FTSE All-Share     (7.0%)    (8.2%)    (8.2%)     10.7%     (0.8%)      4.7%
Index                                                                    

Sources: HgCapital, Factset

At month end

Net asset value:*                                                            
                                                                             
  Diluted                                          1,060.6p
                                                                             
  Basic                                            1,079.7p
                                                                             
Share price ordinary shares:                         911.0p
                                                                             
Ordinary share price discount to NAV                  14.1%
(diluted):                                                                   
                                                                             
Ordinary share price discount to NAV                  15.6%
(basic):                                                                     
                                                                             
Share price subscription shares:                      24.8p
                                                                             
Total net assets:                                   £343.6m
                                                                             
Net yield:                                             1.1%
                                                                             
Market Capitalisation:                              £289.9m
                                                                             
Gearing:                                                Nil%
                                                                             
Ordinary shares in issue:                         31,822,330
                                                                             
Subscription shares in issue:                      5,502,368
                                                                             
* includes 5 months net revenue of 13.52p                                    

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                                      43.5
                                                                             
Services                                                14.1
                                                                             
Healthcare                                              11.1
                                                                             
Industrials                                              8.4
                                                                             
Renewable Energy                                         6.5
                                                                             
Consumer & Leisure                                       3.7
                                                                             
Other                                                    3.0
                                                                             
Cash and other liquid assets                             9.7
                                                                             
                                                       100.0

Ten Largest Investments

Company                       Total Assets    Sector                          
                                                                               
                                        %                                 
                                                                               
TeamSystem                            7.5     Technology & Media              
                                                                               
IAS                                   7.5     Technology & Media              
                                                                               
VISMA                                 6.6     Technology & Media              
                                                                               
SHL                                   6.3     Services                        
                                                                               
Mercury Pharma                        4.8     Healthcare                      
                                                                               
Hg Renewable Energy                   4.8     Renewable Energy                
                                                                               
Lumesse                               4.8     Technology & Media              
                                                                               
Achilles                              4.3     Technology & Media              
                                                                               
Group NBT                             4.1     Technology & Media              
                                                                            
ATC                                   4.1     Services                        
                                                                               
                                     54.8                                 

07 June 2012