Notification of Major Interests in Shares

Capital Gearing Trust plc
30 May 2008
NOTIFICATION OF MAJOR INTERESTS IN SHARES

Identity of the issuer to which voting rights are attached:
Capital Gearing Trust plc

Reason for the notification:
Disposal of voting rights

Full name of person subject to the notification obligation:
Mrs VHI Maunder-Taylor

Full name of shareholders:
Mrs VHI Maunder-Taylor

Date of the transaction:
30 May 2008

Date on which issuer notified:
30 May 2008

Threshold that is crossed:
Proportion of voting rights has fallen below the 5% threshold.

Voting rights attached to shares:
Situation previous to the Triggering transaction

Class of shares Number of shares Number of voting Rights
Ord 25p Shares  141,531          141,531
(GB0001738615)


Resulting situation after the triggering transaction
Class of Shares: Ord 25p Shares (GB0001738615)

Number of            Number of voting                   % of voting
shares     rights                          rights
Direct     Direct     Indirect   Total     Direct   Indirect   Total
127,031    127,031               127,031   4.55%               4.55%



Chain of controlled undertakings through which the voting rights are
effectively held:
N/A

Proxy Voting:
Name of the proxy holder:
N/A

Number of voting rights proxy holder will cease to hold:
N/A

Date on which proxy holder will cease to hold voting rights:
N/A

Contact name:
Keith Hawkins

Contact telephone number:
01582 439 276