Portfolio Update

HgCapital Trust plc

In accordance with UKLA Listing Rule 15.6.8R (2), the following list represents
the Company's 10 largest investments as at 31 December 2007 and where
appropriate, any investment with a value greater than 5% of the Company's gross
assets:

Name of company                 
                                
VISMA*                          
                                
Schenck                         
                                
Paragon Limited                 
                                
Elite                           
                                
Surrey 1                        
                                
WET Automotive                  
                                
Addison                         
                                
Sanctuary Spa                   
                                
FTSA Holdings                   
                                
Clarion Events                  

*These holdings have a market value of more than 5% of the Company's gross
assets.