HgCapital announces the sale of Epyx

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31 October 2013

HgCapital, the Manager of the Trust, has completed the sale of its clients' investment in Epyx to Fleetcor LLC. This realisation represents an investment multiple of approximately 2.7x original cost and a gross IRR of c. 27% p.a. over the investment period for HgCapital's clients.

HgCapital Trust plc ("The Trust"), the listed investment trust which participates in all HgCapital's investments alongside its institutional clients, has realised initial cash proceeds of approximately £13.1 million on completion of the transaction. This represents an uplift of £1.7 million over the carrying value of £11.4 million in the Net Asset Value ("NAV") of the Trust at 30 September 2013, which was based on the Directors' valuation as at 30 June 2013.

Based on the NAV at 30 September 2013 and adjusting for this transaction, the NAV of the Trust is expected to increase to £430.1 million or 1,152.2 pence per share.

Liquid resources are estimated to increase to £134.4 million (31% of the estimated NAV).

Please find the text of a press release issued today by HgCapital announcing the transaction via the following link:

http://www.hgcapital.com/content/news-media/news.

HgCapital announces the sale of Epyx

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