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 5 July 2013, the
unaudited net asset values per ordinary share, valued on a 'bid price' basis,
were:

Capital only: 3,082.26p
Including income (ex-div): 3,083.86p

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

Date: 09 July 2013