HgCapital Trust plc Regulatory News (HGT)

7 Nov 2011 07:00

HgCapital Trust plc

All information is at 31 October 2011 and unaudited.

Performance at month end with net income reinvested

One Three One Three Five Ten month months year years years years Net asset value 0.5% 0.5% 20.0% 11.5% 84.7% 260.9%(diluted) Net asset value 0.6% 0.6% 23.0% 14.4% 89.6% 270.4%(basic) Share price 2.2% (6.2%) 11.3% 53.4% 68.1% 348.8% FTSE All-Share 7.9% (4.6%) 0.6% 46.0% 8.9% 59.1%Index

Sources: HgCapital, Factset

At month endNet asset value:* Basic 1,149.6p Diluted 1,120.1p Share price ordinary shares: 1,022.0p Ordinary share price discount to NAV 11.1%(basic): Ordinary share price discount to NAV 8.8%(diluted): Share price subscription shares: 114.9p Total net assets: £365.6m Net yield: 2.7% Market Capitalisation: £325.0m Gearing: Nil% Ordinary shares in issue: 31,799,725 Subscription shares in issue: 5,524,973 * includes 10 months net revenue of 11.01p The sale of Mondo Minerals, which was previously announced, completed

during October 2011. The Trust has initially realised £12.6 million of cash proceeds with further proceeds, which are currently valued at £2.3 million, expected over the next 2 years. This compares to an original cost of £7 million.

With effect from 21 October 2011, £12 million (10% of the original £120 million loan commitment to the Hg5 Fund) was cancelled as it was unlikely to be required by the Fund. The Trust's undrawn commitments to invest in or alongside the Manager's Hg6, Hg5, Mercury, RPP and RPP2 funds therefore totalled £243.8 million as at 31 October 2011. Liquid resources totalled £99.6 million as at 31 October 2011, and an additional £40 million is available from the undrawn bank facility.

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

Unquoted investments were last revalued at 30 June 2011.

Sector Total Assets % Technology & Media 28.4 Healthcare 13.3 Services 9.4 Industrials 5.8 Renewable Energy 5.2 Consumer & Leisure 4.0 Other 6.7 Cash and other liquid assets 27.2 100.0Ten Largest InvestmentsCompany Total Assets Sector % TeamSystem 7.3 Technology & Media VISMA 6.5 Technology & Media SHL 5.1 Services Lumesse 4.8 Technology & Media Frosunda 4.5 Healthcare Midas EquityCo (Goldshield) 4.4 Healthcare HG Renewable Energy (Fund 1) 4.0 Renewable Energy Achilles 3.9 Technology & Media Mainio Vire 3.4 Healthcare Epyx 3.2 Technology & Media 47.1 07 November 2011