Net Asset Value(s)

CAPITAL GEARING TRUST P.L.C (the "Company") Net Asset Value The Company announces that as at the close of business on 2 December 2011, the unaudited capital only net asset value per ordinary share, valued on a `bid price' basis, was 2,840.78p Enquiries: Keith Hawkins, TMF Corporate Secretarial Services Limited Email: company.secretary@capitalgearingtrust.com Date: 6 December 2011
UK 100

Latest directors dealings