Net Asset Value

CAPITAL GEARING TRUST P.L.C.

As at the close of business on 10 December 2008, the unaudited net
asset value per Ordinary Share, calculated for the purposes of the
Sale and Purchase Facility, was £20.26p.

Enquiries:
Tracey Lago, TMF Corporate Secretarial Services Limited
Email: [e-mail]

Date: 11 December 2008

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.