29 April 2022

HgCapital Trust plc

("HGT", "the Company")

Legal Entity Identifier: 213800J7QUJJBEFSIN38

Directorate Change

HGT is pleased to announce that Dr Erika Schraner will join the Board from 1 August 2022.

Erika has held a number of senior leadership roles in global organizations with a career spanning 25 years in Silicon Valley, UK and Europe, in Fortune 500 companies and the Big 4 professional services firms. Erika has a blend of leadership, commercial and financial expertise, and extensive experience in M&A, strategy, digital transformation, cyber security and operations.

Jim Strang, Chairman of HGT, said: "On behalf of the Board, I am delighted to welcome Erika to HGT later this year. She has a wealth of technology and digital expertise, as well as extensive experience in M&A, deal value creation, realisations, and finance, which will bring a diversity of skills, background and personal strengths relevant to HGT now and as the Company continues to execute its strategy of investing in a portfolio of high-growth private companies in the software and services sector."

Currently, Erika serves as a non-executive director and audit committee chair of Aferian plc and is a non-executive director and chair of the nomination committee at JTC Group Plc. Erika is also a NED of Bytes Technologies plc and Pod Point Group Holdings plc. Erika's executive career included, most recently, a role of a partner, UK M&A Integration Leader & TMT M&A Advisory / Delivering Deal Value Leader at PwC in London until 2018. Prior to that, Erika held a number of senior professional services roles with Ernst & Young in Silicon Valley where ultimately she became a partner and the Americas' Operational Transaction Services leader for the Technology sector. Before that, Erika worked at IBM, Symantec Corporation, and CSC/DXC Technology. Erika also served as a board member at Kevian Capital Management LLC and an advisory board member at FreeOn Ltd and eBoomerang Inc. Since 2007, Erika has been an investor in early-stage companies.

Erika received a PhD from Stanford University in Management Sciences & Engineering and a MS in Mathematics from EPFL Switzerland. In 2020, she was included on the 100 Women to Watch list, published by Cranfield University, which recognises leading female professionals.

On appointment to HGT, Erika will join the Audit, Valuation & Risk Committee, and the Nomination Committee. She will also chair the Management Engagement Committee following the departure of Mr Peter Dunscombe in May 2022.

There are no other details that are required to be disclosed under 9.6.13R of the Listing Rules.

For further details please contact:

Company Secretary, Link Company Matters Limited

Aleksandra Saldarini +44 (0) 7540 297 938