Director Shareholding

City of Oxford Geared Inc Tst PLC
26 October 2001



Headline:

Directors Shareholding(s)



Schedule 11 - Notification of interests of Directors and Connected Persons



1   Name of company:

CITY OF OXFORD GEARED INCOME TRUST PLC



2   Name of director:

DAVID GIBBS



3   Please state whether notification indicates that it is in respect of
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:

HOLDING IN THE NAME OF THE ABOVE



4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified):



5   Please state whether notification relates to a person(s) connected with
the director named in 2 above and identify the connected person(s):



6   Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary:

PURCHASE OF GEARED ORDINARY SHARES



7   Number of shares/amount of stock acquired:

18,266



8   Percentage of issued class:

0.105



9   Number of shares/amount of stock disposed:





10  Percentage of issued class:





11  Class of security:

GEARED ORDINARY



12  Price per share:

ACQUIRED: 55p





13  Date of transaction:

25 October 2001





14  Date company informed:

26 October 2001



15  Total holding following this notification:

28,266



16  Total percentage holding of issued class following this notification:





If a director has been granted options by the company, please complete the
following fields:



17  Date of grant:





18  Period during which or date on which exercisable:





19  Total amount paid (if any) for grant of the option:





20  Description of shares or debentures involved: class, number:





21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:





22  Total number of shares or debentures over which options held following
this notification:





23  Contact name for queries:

Heather Williams



24  Contact telephone number:

020 7597 1843



25  Name of company official responsible for making notification:

HEATHER WILLIAMS


Additional Information:

Transaction is in respect of purchase of 15,249 geared ordinary shares by Mrs
Gibbs and of 3,017 geared ordinary shares by Mr Gibbs.