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

Capital only: 3,214p
Including income: 3,240p

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

Date: 18 May 2015