Additional Listing

Capital Gearing Trust PLC
21 November 2002


Capital Gearing Trust plc.

Application has been made to The UK Listing Authority and the London Stock
Exchange for a block listing of 120,000 Ordinary shares of 25p each, to be
issued by the Investment Trust under powers granted by shareholders at the
Extraordinary General Meeting on 18 November 2002. These shares will trade on
the London Stock Exchange and be admitted to the Official List upon issuance.
The shares shall rank pari passu with the existing issued shares of the Company.

Copies of this announcement are available from the office of Cazenove & Co. Ltd
for the period of 2 business days from the date hereof.



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