Issue of Equity

Capital Gearing Trust plc

To:  PR Newswire

From:  Capital Gearing Trust P.l.c.

LEI:  213800T2PJTPVF1UGW53

Date:  25 October 2021

ISSUE OF EQUITY

On 25 October 2021 Capital Gearing Trust P.l.c. (the “Company”) issued 29,933 Ordinary shares of 25p from its block listing facility at an average price of 5,035.883p pence per share.

The Company’s issued share capital now consists of 17,678,371 Ordinary shares, and there are no shares held in Treasury.  Therefore, the total number of shares with voting rights in the Company is 17,678,371.

Following this issue, the Company now has the ability to issue a further 718,879 Ordinary shares.

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 Guidance and Transparency Rules.

Juniper Partners Limited

Company Secretary

Enquiries: 0131 378 0500