Net Asset Value(s)

CAPITAL GEARING TRUST P.L.C. (the "Company")

Date: 17 September 2015

Net Asset Values

The Company announces that, as at the close of business on 16 September 2015, the unaudited net asset values per ordinary share, valued on a 'bid price' basis, were:

Capital only: 3,204p

Including income: 3,208p                                                

Enquiries:

Steven Cowie

Company Secretary

Email: [e-mail]