Correction : Net Asset Value(s)

Errors in original Net Asset Value announcement released on 17 August 2015 at
13.02.

CAPITAL GEARING TRUST P.L.C. (the "Company")

Date: 17 August 2015

Replacement Net Asset Values

The below “Net Asset Values” announcement replaces the “Net Asset Values” announcement released on 17 August 2015 at 13:02. As at 14 August 2015 the NAV per share (capital only) should have read 3,223p and the NAV per share (including income) should have read 3,225p. The full text of the replacement announcement is below:

Net Asset Values

The Company announces that, as at the close of business on 14 August 2015, the unaudited net asset values per ordinary share, valued on a 'bid price' basis, were:

Capital only: 3,223p

Including income: 3,225p                                              

Enquiries:

Steven Cowie

Company Secretary

Email: [e-mail]