HgCapital Trust plc Regulatory News (HGT)

7 Nov 2012 07:00

HgCapital Trust plc ("the Trust")

All information is at 31 October 2012, unless otherwise stated, and unaudited.

Historical total return (with net income reinvested) performance at month end

One Three One Three Five Ten month % months % year % years % years % years % p.a. p.a. p.a. Net asset value 0.6% 3.9% 5.8% 12.0% 9.1% 15.5%(diluted) Net asset value 0.7% 4.4% 6.5% 13.2% 9.8% 15.8%(basic) Share price 0.1% 8.5% (1.0%) 8.0% 6.4% 19.3% FTSE All-Share 1.0% 4.4% 9.8% 9.1% 1.0% 8.3%Index

Sources: HgCapital, Factset

Financials as at 31 October 2012

Net asset value:* Diluted 1,174.7p Basic 1,213.5p Share price ordinary shares: 1,001.0p Ordinary share price discount to NAV 14.8%(diluted): Ordinary share price discount to NAV 17.5%(basic): Share price subscription shares: 29.5p Total net assets: £386.2m Net yield: 1.0% Market Capitalisation: £318.6m Gearing: Nil% Ordinary shares in issue: 31,826,507 Subscription shares in issue: 5,498,191 * includes 10 months net revenue of 32.82p

The NAV is recalculated monthly with respect to cash, cash equivalents, quoted investments in the portfolio and foreign exchange movements on the unquoted investments. Unquoted investments were last revalued at 30 June 2012.

Pro-forma financials

Following the deadline for submitting instructions in respect of the 31 October 2012 Subscription date, the Trust can confirm that Subscription rights were exercised over 3,737,678 shares in total and pursuant to the instructions received, the Board of the Trust will shortly approve the issue and allotment of 3,737,678 Ordinary shares. These shares will be admitted to trading during November 2012 and the aggregate proceeds to be raised are £35,507,941.

The pro-forma financial information below represents the 31 October 2012 month-end financials, adjusted for the above share issue and subsequent proceeds expected during November 2012.

Net asset value: Diluted 1,178.2p Basic 1,185.8p Total net assets: £421.7m Ordinary shares in issue: 35,564,185 Subscription shares in issue: 1,760,513Sector Total Assets % Technology & Media 42.0 Services 9.6 Healthcare 7.2 Industrials 8.4 Renewable Energy 4.7 Consumer & Leisure 3.8 Other 2.0 Cash and other liquid assets 22.3 100.0 Ten Largest InvestmentsCompany Total Assets Sector % VISMA 7.4 Technology & Media TeamSystem 6.8 Technology & Media IAS 6.6 Technology & Media Lumesse 4.8 Technology & Media Achilles 4.6 Technology & Media ATC 4.1 Services Group NBT 3.7 Technology & Media JLA 3.4 Services Epyx 3.2 Technology & Media Manx Telecom 3.2 Technology & Media 47.8 07 November 2012