Holding(s) in Company

HG Capital Trust PLC
17 November 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company:

HgCapital Trust plc

2) Name of shareholder having a major interest:

West Midlands Pension Fund

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:

Wolverhampton City Council

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:

500,000

8) Percentage of issued class:

1.98%

9) Class of security:

Ordinary shares of 25p each

10) Date of transaction:

15 & 16 November 2004

11) Date company informed:

17 November 2004

12) Total holding following this notification:

1,981,788

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

7.86%

14) Any additional information:



15) Name of contact and telephone number for queries:

Ms R Nicholson - 020 7743 2430

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

Ms R Nicholson
For Merrill Lynch Investment Managers Group Services Limited
Secretary

17) Date of notification:

17 November 2004


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