Issue of Equity

Capital Gearing Trust plc

To:                        PR Newswire

From:  Capital Gearing Trust P.l.c.

LEI:                       213800T2PJTPVF1UGW53

Date:  17 May 2022

ISSUE OF EQUITY

On 17 May 2022 Capital Gearing Trust P.l.c. (the “Company”) issued 40,500 Ordinary shares of 25p from its block listing facility at an average price of 5,126.531 pence per share.

The Company’s issued share capital now consists of 22,181,280 Ordinary shares, and there are no shares held in Treasury.  Therefore, the total number of shares with voting rights in the Company is 22,181,280.

Following this issue, the Company now has the ability to issue a further 3,880,345 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