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

Capital only: 3,040.20p
Including income: 3,046.07p

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

Date: 31 December 2013