Net Asset Value(s)

CAPITAL GEARING TRUST P.L.C (the "Company") Net Asset Value The Company announces that as at the close of business on 11 November 2011, the unaudited capital only net asset value per ordinary share, valued on a `bid price' basis, was 2,817.28p Enquiries: Keith Hawkins, TMF Corporate Secretarial Services Limited Email: company.secretary@capitalgearingtrust.com Date: 15 November 2011
UK 100

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