Issue of Equity

Capital Gearing Trust plc

To: PR Newswire

From: Capital Gearing Trust P.l.c.

Date: 11 March 2016

ISSUE OF EQUITY

On 11 March 2016 Capital Gearing Trust P.l.c. (the "Company") issued 4,720
Ordinary Shares of 25p from its block listing facility at a price of 3,400
pence per share.

The Company's issued share capital now consists of 3,128,747 Ordinary shares,
of which 81 Ordinary shares are held in Treasury. Therefore, the total number
of shares with voting rights in the Company is 3,128,666.

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, Capital Gearing Trust P.l.c.
under the FCA's Disclosure and Transparency Rules.

Steven Cowie

Company Secretary

Enquiries: 0131 538 6604