Purchase of Own Sec's-Amendmt

Capital Gearing Trust PLC
16 June 2000

The issuer has made the following amendment to the 'Purchase of Own Securities'
announcement released today at 11.28am under RNS No 3870M.

The announcement contains a number of typographical changes
that have been identified with an asterisk (*).

The full corrected version is shown below.

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Capital Gearing Trust p.l.c.

Repurchase of ordinary shares for cancellation

Capital Gearing Trust p.l.c. announces that on 16th June, 2000
it purchased for cancellation *57,000 ordinary shares in the
market at a price of *926p per ordinary share.  There remains
*2,273,906 ordinary shares in issue.

Enquiries:

Peter Spiller         0207 588 2828
Cazenove Fund Management