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 22 July 2015, the unaudited net asset values per ordinary share, valued on a ‘bid price’ basis, were:

Capital only: 3,223p

Including income: 3,223p                                               

Enquiries:

Philip Patterson, TMF Corporate Secretarial Services Limited

Email: [e-mail]

Date: 23 July 2015