Top 10 Holdings - Sept 04

HG Capital Trust PLC
04 October 2004


HgCapital Trust plc
As at 30 September 2004


Top 10 holdings:

                                                          % of total assets

Raymarine                                                              9.84
Tunstall Holdings                                                      9.77
WET Automotive                                                         6.88
FTE Automotive                                                         6.47
Xtx                                                                    6.31
Blue Minerva                                                           6.01
Classic Copyright                                                      5.47
Castlebeck Group                                                       4.84
Travelsphere                                                           3.68
Eagle Rock Group                                                       3.50


Other holdings over 5%:

n/a


Holdings in restricted UK listed investment companies:

n/a


4 October 2004


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