Holding(s) in Company

HG Capital Trust PLC
08 January 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company:

HgCapital Trust plc

2) Name of shareholder having a major interest:

The Royal Bank of Scotland Group plc
The Royal Bank of Scotland plc
National Westminster Bank Plc
And RBS Pension Trustees Ltd

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18:

Non-Beneficial

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them:

The Royal Bank of Scotland Group plc
The Royal Bank of Scotland plc
National Westminster Bank Plc
And RBS Pension Trustees Ltd

5) Number of shares/amount of stock acquired:

N/A

6) Percentage of issued class:

N/A

7) Number of shares/amount of stock disposed:

3,030,659

8) Percentage of issued class:

12.03%

9) Class of security:

Ordinary shares of 25p each

10) Date of transaction:

Unknown

11) Date company informed:

8 January 2004

12) Total holding following this notification:

0

13) Total percentage holding of issued class following this notification:

0%

14) Any additional information:



15) Name of contact and telephone number for queries:

Ms L Nagrecha - 020 7743 5153

16) Name and signature of authorised company official responsible for
making this notification:

Ms L Nagrecha
For Merrill Lynch Investment Managers Group Services Limited
Secretary

17) Date of notification:

8 January 2004


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