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 16 December 2011, the unaudited capital only net asset value per ordinary share, valued on a `bid price' basis, was 2,834.86p Enquiries: Keith Hawkins, TMF Corporate Secretarial Services Limited Email: company.secretary@capitalgearingtrust.com Date: 20 December 2011
UK 100

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