Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS

1.   Name of the issuer                                                        
                                                                               
     CAPITAL GEARING TRUST P.L.C                                               
                                                                               
2.   State whether the notification relates to (i) a transaction notified in   
     accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with LR  
     9.8.6R(1) or iii) a disclosure made in accordance with section 793 of the 
     Companies Act (2006)                                                      
                                                                               
     THE NOTIFICATION RELATES TO A TRANSACTION NOTIFIED IN ACCORDANCE          
     WITH DTR 3.1.2R                                                           
                                                                               
3.   Name of person discharging managerial responsibilities/director           
                                                                               
     MR G A PRESCOTT (DIRECTOR)                                                
                                                                               
4.   State whether notification relates to a person connected with a person    
     discharging managerial responsibilities/director named in 3 and identify  
     the connected person                                                      
                                                                               
     N/A                                                                       
                                                                               
5.   Indicate whether the notification is in respect of a holding of           
     the person referred to in 3 or 4 above or in respect of a non-beneficial  
     interest                                                                  
                                                                               
     NOTIFICATION IS IN RESPECT OF A HOLDING OF THE PERSON REFERRED TO IN 3    
     ABOVE                                                                     
                                                                               
6.   Description of shares (including class), debentures or derivatives or     
     financial instruments relating to shares                                  
                                                                               
     ORDINARY SHARES OF £0.25 EACH                                             
                                                                               
7.   Name of registered shareholders(s) and, if more than one, the number      
     of shares held by each of them                                            
                                                                               
     ROCK (NOMINEES) LIMITED                                                   
                                                                               
8.   State the nature of the transaction                                       
                                                                               
     ACQUISITION                                                               
                                                                               
9.   Number of shares, debentures or financial instruments relating            
     to shares acquired                                                        
                                                                               
     200 SHARES                                                                
                                                                               
10.  Percentage of issued class acquired (treasury shares of that class should 
     not be taken into account when calculating percentage)                    
                                                                               
     0.01%                                                                     
                                                                               
11.  Number of shares, debentures or financial instruments relating            
     to shares disposed                                                        
                                                                               
     N/A                                                                       
                                                                               
12.  Percentage of issued class disposed (treasury shares of that class should 
     not be taken into account when calculating percentage)                    
                                                                               
     N/A                                                                       
                                                                               
13.  Price per share or value of transaction                                   
                                                                               
     £30.00 PER SHARE                                                          
                                                                               
14.  Date and place of transaction                                             
                                                                               
     LONDON, 6 JULY 2011                                                       
                                                                               
15.  Total holding following notification and total percentage holding         
     following notification (any treasury shares should not be taken into      
     account when calculating percentage)                                      
                                                                               
     200 SHARES - 0.01%                                                          
                                                                               
16.  Date issuer informed of transaction                                       
                                                                               
     6 JULY 2011                                                               
                                                                               
17.  Any additional information                                                
                                                                               
     N/A                                                                       
                                                                               
18.  Name of contact and telephone number for queries                          
                                                                               
     KEITH HAWKINS, TMF CORPORATE SECRETARIAL SERVICES LIMITED                 
     TEL. [phone]                                                         
                                                                               
19.  Name of authorised official of issuer responsible for making notification 
                                                                               
     KEITH HAWKINS, FOR AND ON BEHALF OF TMF NOMINEES LIMITED, COMPANY         
     SECRETARY                                                                 
                                                                               
20.  Date of notification                                                      
                                                                               
     7 JULY 2011