Net Asset Value

CAPITAL GEARING TRUST P.L.C. (the "Company") Net Asset Values The Company announces that, as at the close of business on 4 December 2014, the unaudited net asset values per ordinary share, valued on a 'bid price' basis, were: Capital only: 3,183p Including income: 3,195p Enquiries: Katherine Manson, TMF Corporate Secretarial Services Limited Email: company.secretary@capitalgearingtrust.com Date: 5 December 2014
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