Performance at month end

HgCapital Trust plc

All information is at 30 September 2008 and unaudited.

Performance at month end with net income reinvested

                        One    Three     One    Three     Five
                      month   months    year    years    years
                                                              
Net asset value:*      0.1%     2.0%   26.6%    92.1%   213.7%
                                                              
Share price          -11.9%    -7.6%   -1.7%    41.1%   210.5%
                                                              
FTSE All-Share       -10.6%   -12.2%  -22.3%     0.0%    44.5%
Index                                                         

Sources: HgCapital, Standard & Poor's Micropal

At month end

Net asset value:*                                                   1,053.19p
                                                                             
Share price:                                                          791.00p
                                                                             
Discount                                                                24.9%
                                                                             
Total assets:                                                         £265.3m
                                                                             
Net yield:                                                               3.2%
                                                                             
Gearing:                                                                 Nil%
                                                                             
Ordinary shares in issue:                                          25,186,755
                                                                             

* includes 9 months net revenue of 47.04p and is after providing for the
carried interest.

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

The NAV excludes the impact of the sale of Addison which is expected to
complete in October, an uplift of approximately 28.9p over the current NAV.

Unquoted investments were last revalued at 30 September 2008.

Sector                                                           Total Assets
                                                                             
                                                                            %
                                                                             
Technology & Media                                                       14.3
                                                                             
Industrials                                                              10.2
                                                                             
Consumer & Leisure                                                        8.5
                                                                             
Healthcare                                                                9.3
                                                                             
Services                                                                 10.8
                                                                             
Renewable Energy                                                          1.4
                                                                             
Other                                                                     0.8
                                                                             
Fixed Interest                                                           39.4
                                                                             
Net current assets                                                        4.8
                                                                             
Cash                                                                      0.5
                                                                             
                                                                        100.0

Ten Largest Investments

Company                           Total Assets Sector                          
                                                                               
                                             %                                 
                                                                               
VISMA                                      5.8 Technology & Media              
                                                                               
Addison                                    4.3 Technology & Media              
                                                                               
Voyage Healthcare                          3.3 Healthcare                      
                                                                               
Casa Reha                                  3.2 Healthcare                      
                                                                               
BMFCO UA t/a Fabory                        3.1 Services                        
                                                                               
Atlas t/a Atlas Interactive                3.1 Services                        
                                                                               
Mondo Minerals Co-op                       3.0 Industrials                     
                                                                               
Sporting Index                             2.7 Consumer & Leisure              
                                                                               
Pulse Staffing                             2.6 Services                        
                                                                               
SLV Electronic                             2.6 Industrials                     
                                                                               
                                          33.7                                 

08 October 2008