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

Capital only: 3,018.95p
Including income: 3,037.70p


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

Date: 24 December 2012