Top 10 Holdings - (March 05)

HG Capital Trust PLC
04 April 2005

HgCapital Trust plc
As at 31 March 2005

Top 10 Private Equity holdings:


                                                          % of total assets

Xtx                                                                 12.67
Tunstall Holdings                                                   11.60
WET Automotive                                                       8.04
FTE Automotive                                                       7.34
Blue Minerva                                                         7.02
Classic Copyright                                                    6.39
Clarion Events                                                       4.51
Eagle Rock                                                           4.49
Raymarine                                                            4.28
Travelsphere                                                         4.26


Other holdings over 5%:

n/a

Holdings in restricted UK listed investment companies:


n/a



4 April 2005


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