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 28 September 2012,
the unaudited net asset values per ordinary share, valued on a `bid price'
basis, were:

Capital only - 2,955.62p
Including income - 2,965.02p


Enquiries:

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

Date: 2 October 2012