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

Capital only: 3,025.83p
Including income: 3,045.28p


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

Date: 02 January 2013