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

Capital only: 3,119.78p

Including income: 3,138.71p

Enquiries:

TMF Corporate Secretarial Services Limited
Email: [e-mail]

Date: 3 June 2014