Net Asset Values

CAPITAL GEARING TRUST P.L.C (the "Company") Net Asset Values The Company announces that as at the close of business on 18 May 2012, the unaudited net asset values per ordinary share, valued on a `bid price' basis, were: Capital only - 2,880.59p Including income - 2,903.45p Enquiries: Keith Hawkins, TMF Corporate Secretarial Services Limited Email: company.secretary@capitalgearingtrust.com Date: 22 May 2012
UK 100

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