Net Asset Values

CAPITAL GEARING TRUST P.L.C. (the "Company")

Net Asset Values

The Company announces that it will begin disclosing Net Asset Value ("NAV")
information on a daily basis with effect from Wednesday, 22nd October 2014.

The Board believes that more frequent disclosure and greater transparency is in
the interest of all investors. The increased disclosure will have no impact on
how the fund is managed.

Enquiries:
Katherine Manson, TMF Corporate Secretarial Services Limited
Email: [e-mail]

Date: 21 October 2014