Holding(s) in Company

Capital Gearing Trust P.l.c.

13 August 2013

NOTIFICATION OF MAJOR INTEREST IN SHARES                                         
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer of existing shares to which 
voting rights are attached:                                                                             
Capital Gearing Trust Plc 
                                                                                        
2. Reason for the notification:                                          
Acquisition of voting rights as a result of the acquisition by Schroders plc 
of Cazenove Capital Holdings Limited.             
                                                                                        
3. Full name of person(s) subject to the                   Schroders plc                
notification obligation:                                                             
                                                                                        
4. Full name of shareholder(s)                                  N/A                     
 (if different from 3.):                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                             02/07/13                  
reached:                                                                              
                                                                                        
6. Date on which issuer notified:                             12/08/13                  
                                                                                        
7. Threshold(s) that is/are crossed or                        Above 5%                  
reached:                                                                       

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to shares                                            
                                                                                        
Class/type   Situation previous    Resulting situation after the triggering transaction 
of           to the triggering                                                          
shares       transaction                                                                
                                                                                        
             Number   Number       Number    Number of voting     % of  voting rights    
if possible  of       of           of        rights                                       
using        Shares   Voting       shares                                               
the ISIN              Rights                                                            
CODE                               Direct    Direct Indirect     Direct   Indirect       
                                                                                        
Ordinary      under   under        191,978   0       191,978      0         0         
GB0001738615   5%     5%                     
                                                                           
B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of        Expiration    Exercise/           Number of voting       % of voting     
financial      date          Conversion Period   rights that may be     rights          
instrument                                       acquired if the                        
                                                 instrument is                          
                                                 exercised/ converted.                  
                                                                                        
N/A            N/A           N/A                 N/A                    N/A             
                                                                                                  
                                                                             
C: Financial Instruments with similar economic effect to Qualifying Financial           
Instruments                                                                      
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of       Exercise Expiration Exercise/     Number of voting   % of voting rights   
financial     price    date xvii  Conversion    rights instrument                
instrument                        period xviii  refers to                               
                                                                                        
                                                                                        
                                                                                        
                                                                   Nominal  Delta       
                                                                                        
N/A           N/A      N/A        N/A           N/A                                     
                                                                   N/A      N/A         
                                                                                                                                                                               
                                                                                        
Total (A+B+C)                                                                           
                                                                                        
Number of voting rights: 191,978      Percentage of voting rights: 6.559%   
                                                                                        

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:                           
                                                                                        
Cazenove Capital Management Limited         191,978           6.559%                    
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                       N/A                 
                                                                                        
11. Number of voting rights proxy holder will cease                 N/A                 
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                   N/A                 
voting rights:                                                                             
                                                                                        
13. Additional information:   
The shares referred to in section 9 are held in portfolios managed by those 
firms on a discretionary basis for clients under investment management agreements.      
                                                                                        
14. Contact name:                                  Johana Woodruff                       
                                                                                        
15. Contact telephone number:                      [phone]