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 05 February 2015,
the unaudited net asset values per ordinary share, valued on a 'bid price'
basis, were:

Capital only: 3,235p
Including income: 3,251p

Enquiries:
Katherine Manson, TMF Corporate Secretarial Services Limited
Email: [e-mail]

Date: 06 February 2015