Result of EGM

Capital Gearing Trust PLC
19 November 2002



Announcement to Stock Exchange - Capital Gearing Trust


At an Extraordinary General Meeting convened yesterday, 18 November 2002, the
shareholders approved the resolution to extend directors' powers to allot a
further 120,000 ordinary shares of 25 pence each, representing an aggregate
nominal share capital increase of £30,000.


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