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 February 2014,
the unaudited net asset values per ordinary share, valued on a 'bid price'
basis, were:

Capital only: 3,095.36p
Including income: 3,103.97p

Enquiries:

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

Date: 04 March 2014