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 29 November 2013,
the unaudited net asset values per ordinary share, valued on a "bid price"
basis, were:

Capital only: 3,070.12p
Including income: 3,075.76p


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

Date: 3 December 2013