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 7 December 2012, the unaudited 
net asset values per ordinary share, valued on a 'bid price' basis, were:

Capital only: 3,019.68p
Including income: 3,038.57p


Enquiries:
Johana J. Woodruff, TMF Corporate Secretarial Services Limited
Email: [e-mail]

Date: 11 December 2012