Performance at Month End

HG Capital Trust PLC
08 June 2005

HgCapital Trust

All information is at 31 May 2005 and unaudited.

Performance at month end with net income reinvested

                            One month  Three months    One    Three years   Five 
                                                       year                years
Net asset value               1.6%       2.7%          29.6%      40.8%    47.8%
Share price                   4.5%       7.2%          52.5%      75.6%    99.9%
FTSE All-Share Index          3.9%       0.7%          16.6%      11.1%    -3.9%


Sources: HgCapital, Standard & Poor's Micropal
At month end
Net asset value:*                             493.18p
Share price:                                  511.50p
Premium:                                      3.7%
Total assets:                                 £121.9m
Net yield:                                    1.6%
Gearing:                                      Nil%
Ordinary shares in issue:                     25,186,755

* includes current year net revenue of 9.36p

The NAV is recalculated monthly with respect to cash, cash equivalents and
quoted investments in the portfolio.

Unquoted investments were last revalued at 31 December 2004.

Sector                                                          Total Assets

                                                                           %

Technology                                                              21.3
Healthcare                                                              20.3
Industrials                                                             14.3
Media                                                                   11.9
Leisure                                                                  6.8
Consumer                                                                 3.4
Other                                                                    2.2
Renewable Energy                                                         0.8
Fixed Interest                                                          15.1
Net Current Assets                                                       3.8
Cash                                                                     0.1
                                                                       -----

                                                                       100.0

                                                                     -------


Ten Largest Investments

Company                                              Total Assets Sector

                                                            %

Xtx                                                  9.8 Technology
Tunstall                                             9.2 Healthcare
WET Automotive                                       6.1 Industrials
FTE Automotive                                       5.6 Industrials
Blue Minerva                                         5.4 Technology
Classic Copyright                                    5.0 Media
Clarion Events                                       3.5 Media
Eagle Rock                                           3.5 Media
Travelsphere                                         3.3 Leisure
Raymarine                                            3.0 Consumer

                                                    ------

                                                    54.4
                                                    
                                                   -------


The sale of FTE Automotive to PAI Partners announced in March 2005, is
conditional upon the approval of competition authorities in certain
jurisdictions, and is expected to close in the second quarter of 2005.  The
estimated impact of the sale of 28p per share is currently not reflected in the
NAV as at 31 May 2005.

7 June 2005


                      This information is provided by RNS
            The company news service from the London Stock Exchange