Blocklisting - Interim Review

Capital Gearing Trust plc (“the Company”)

To:                   PR Newswire

From:              Capital Gearing Trust P.l.c.

Date:               31 October 2017

Block Listing Six-Monthly Return

1. Name of company:

Capital Gearing Trust P.l.c.

2. Name of scheme:

Shares issued by an investment trust

3. Period of return:

From: 30 April 2017 To: 30 October 2017

4. Balance of unallotted securities under scheme from previous return:

87,046 ordinary shares of 25p each

5. The amount by which the block scheme has been increased since the

date of the last return:

1,005,564

6. Number of securities issued/allotted under scheme during period:

589,545

7. Balance under scheme not yet issued/allotted at end of period:

503,065 ordinary shares of 25p each

Steven Cowie

Company Secretary

Email: [e-mail]