Net Asset Value(s)

CAPITAL GEARING TRUST P.L.C.

(the "Company")

LEI:213800T2PJTPVF1UGW53

Date: 15 July 2024

Net Asset Value

The Company announces that, as at the close of business on 12 July 2024, the unaudited net asset values per ordinary share, valued on a 'bid price' basis, were:

Capital only: 4,779p

Including income: 4,802p

Frostrow Capital LLP

Company Secretary

Email: [e-mail]

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