Result of AGM

Capital Gearing Trust PLC
07 July 2005


Capital Gearing Trust plc

7 July 2005

At the Annual General Meeting of Capital Gearing Trust plc ('Capital Gearing')
held earlier today ('the Meeting'), the ordinary and special resolutions set out
in the notice of the said Meeting were proposed and passed.

The resolutions passed at the Meeting consisted of items of ordinary business
together with the following items of special business.

 1. Ordinary resolution to renew the directors authority to allot shares;
 2. Special resolution to authorise the company to make market purchases of
    ordinary shares; and
 3. Special resolution to renew the directors authority to allot shares on a
    non-pre emptive basis.


Enquries

Andrew Kane
Ernst & Young LLP
01582 643000


END






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