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 20 May 2015, the unaudited net asset values per ordinary share, valued on a 'bid price' basis, were: Capital only: 3,226p Including income: 3,252p Enquiries: Katherine Manson, TMF Corporate Secretarial Services Limited Email: company.secretary@capitalgearingtrust.com Date: 21 May 2015
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