Circular re General Meeting

To:       PR Newswire

From:  Capital Gearing Trust P.l.c.   

Date:   24 March 2016

Capital Gearing Trust P.l.c.

Publication of Circular

In August 2015 the Board instituted a discount and premium management policy in order to improve trading liquidity and reduce premium volatility in the Company's shares.  To meet the recent and continuing demand for shares in Capital Gearing Trust P.l.c. (the "Company"), the Board of Directors of the Company is now seeking an early renewal of its authority to issue further ordinary shares for cash on a non pre-emptive basis.  Accordingly, the Company has today published a circular convening a general meeting (the "General Meeting") to be held at 11.00 a.m. on  11 April 2016 at the offices of Dickson Minto W.S., Broadgate Tower, 20 Primrose Street, London EC2A 2EW.

At the General Meeting a resolution will be put to shareholders to give the Board authority to disapply rights of pre-emption in respect of the allotment of up to 318,356 ordinary shares which represents approximately 10 per cent. of the Company's current issued share capital.

The Board will only issue new shares at a premium to net asset value, to meet demand from investors and when the Board believes it is in the best interests of the Company and its shareholders to do so.  The Company intends to issue a prospectus in due course as required under the Prospectus Rules in connection with the issue of further new ordinary shares.

The circular will shortly be available for inspection on the National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/nsm.do.

All enquiries:

Steven Cowie
Company Secretary
Tel: [phone]
Email:[e-mail]