Director Declaration

Capital Gearing Trust P.l.c. (“the Company”)

To:                   PR Newswire

From:              Capital Gearing Trust P.l.c.

Date:               25 February 2016

Director Declaration

In accordance with Listing Rule 9.6.14(2), Capital Gearing Trust P.l.c. (the “Company”) announces that Mr Robin Archibald, a non-executive Director of the Company, has been appointed a non-executive Director of Henderson European Focus Trust plc. This appointment becomes effective on 1 March 2016.

Steven Cowie

Company Secretary

Email: [e-mail]