Net Asset Values

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

Net Asset Values

The Company announces that as at the close of business on 16 November 2012, the
unaudited net asset values per ordinary share, valued on a `bid price' basis,
were:

Capital only - 3,002.11p
Including income - 3,018.64p


Enquiries:
Keith Hawkins, TMF Corporate Secretarial Services Limited
Email: [e-mail]

Date: 20 November 2012