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

Capital only: 3,061.11 p
Including income: 3,066.96 p

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

Date: 17 December 2013