Portfolio Update

HG Capital Trust PLC
04 January 2006

HgCapital Trust plc
As at 31 December 2005

Top 10 Private Equity holdings:




Xtx
Schenck
WET Automotive
Addison
Travelsphere
Elite
Classic Copyright
Sporting Index
Eagle Rock
Clarion Events


Other holdings over 5%:

n/a

Holdings in restricted UK listed investment companies:


n/a



4 January 2006


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