Holding(s) in Company & Update on Hg Shareholding

Holding(s) in Company & Update on Hg Shareholding

On 4 June 2026, HgCapital Trust plc ("HgT" or the "Company") announced the intention of Hg, the manager of HgT, to make an increased strategic investment in HgT, with an active programme to increase the ownership of Hg partners and employees (the "Hg Partners and Employees") and the Hg balance sheet (the "Hg Balance Sheet") from their existing shareholding of ~6% to over 15%, over the medium term, through on-market purchases.

Further to that announcement, HgT today provides an update on how the Hg shareholding will be notified to the market going forward and a corresponding notification of major holdings as at 8 September 2026.

Position on 4 June 2026

Hg Partners and Employees in aggregate held ~6% of the voting rights in HgT, of which ~5.3% was held by certain Hg individuals with influence over the investment activities of the Hg Balance Sheet. The Hg Balance Sheet itself did not own any shares in HgT.

Ongoing disclosure of Hg holdings

Further to the announcement on 4 June 2026, the Hg Balance Sheet has started to build a stake in HgT, making its first purchase on 12 June 2026. In accordance with the FCA's Disclosure and Transparency Rules sourcebook ("DTR"), the voting rights held by certain Hg individuals (the "Controlling Individuals") and the Hg Balance Sheet (together, the "Concert Party") are aggregated for the purposes of major shareholding notifications under DTR 5, pursuant to an agreement between the Concert Party relating to a common policy for the management of HgT.

Going forward, HgT will notify the market whenever the Concert Party's aggregated holding crosses a reportable threshold. Accordingly, the TR-1 filing below has been provided in relation to transactions in the shares of the Company.

Separately, HgT will continue to report the total of all Hg holdings, including those of Hg Partners and Employees not included in the Concert Party, in the Company's annual report, in-line with current practice.

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BJ0LT190

Issuer Name

HGCAPITAL TRUST PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

P&E Aggregator 2 D, L.P.

City of registered office (if applicable)

ST PETER PORT

Country of registered office (if applicable)

Guernsey

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

07-Sep-2026

6. Date on which Issuer notified

08-Sep-2026

7. Total positions of person(s) subject to the notification obligation

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

If date does not apply, explain below

11. Additional Information

12. Date of Completion

08-Sep-2026

13. Place Of Completion

London, UK                                                                              

For further information, please contact:

HgCapital Trust
Laura Dixon

[email protected]

+44 78 2459 2894

George Crowe

[email protected]

+44 7774 617 150

Cadarn
Lucy Clark
[email protected]
+44 (0)7984 184 461

David Harris
[email protected]
+44 (0)7368 883 211

About HgCapital Trust plc

HgCapital Trust plc is an investment company whose shares are listed on the London Stock Exchange (HGT.L). HGT gives investors exposure, through a liquid vehicle, to a portfolio of high-growth unquoted companies, managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors.

For further details, see hgcapitaltrust.com and hgcapital.com