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 6 December 2013, the
unaudited net asset values per ordinary share, valued on a `bid price' basis,
were:

Capital only: 3,055.33p
Including income: 3,061.17p

Enquiries:

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

Date: 10 December 2013