Press Release - Patientline

HG Capital Trust PLC
14 July 2004

The following is the text of a press release issued by HgCapital, manager of the
investment portfolio of HgCapital Trust plc.





            'HgCapital Trust realises investment in Patientline plc



London, 14th July 2004  The board of HgCapital Trust plc is pleased to announce
the realisation of its investment in Patientline plc, a market-leader in the
provision of communication and entertainment services to the NHS, with the sale
of its holding on 12th July 2004.  The realisation forms part of an overall
realisation by HgCapital, the investment manager of HgCapital Trust plc.
HgCapital Trust has been a shareholder in Patientline since 1996 and has
supported the company in a total of three rounds of financing to enable it to
roll-out its service to hospitals.  During that time HgCapital Trust has
achieved a profit of £5.4 million and a compound annual rate of return of 26.7%.
This realisation will not have a material effect on the net asset value of
HgCapital Trust plc.


In 2001 Patientline floated on the Alternative Investment Market and, two years
later, gained a full listing on the London Stock Exchange.


Nick Turner, Director at HgCapital, said: 'We are pleased to have supported the
growth of Patientline over the last eight years.  From the early stages of its
development, the company has capitalised on its superior product and service
offering to achieve rapid growth and a market-leading position.  We wish the
management team well in the continued expansion of the business.'


Derek Lewis, Chairman of Patientline plc, said: 'HgCapital has been a highly
supportive investor in Patientline since 1996 and has made a significant
contribution to the company's development.  We welcome the placing of
HgCapital's shares in Patientline with a range of institutions, which will widen
our shareholder base and improve liquidity.'



14 July 2004


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

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