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

Capital only: 3,210p
Including income: 3,227p

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

Date: 25 February 2015