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 04 February 2015,
the unaudited net asset values per ordinary share, valued on a 'bid price'
basis, were:

Capital only: 3,240p
Including income: 3,256p

Enquiries:
Katherine Manson, TMF Corporate Secretarial Services Limited
Email: [e-mail]

Date: 05 February 2015