Result of AGM

Capital Gearing Trust p.l.c (the 'Company') Results of the Annual General Meeting The Annual General Meeting (the `Meeting') of the Company was held on Tuesday, 5 July 2011 at 11.00am. At the Meeting the ordinary and special resolutions set out in the notice of the Meeting were proposed and passed on a show of hands. It was also reported at the Meeting that the unaudited Net Asset Value per share, including income, on 30 June 2011 was £27.59. The proxy voting figures are shown below. A total of 416,594 shares (representing 14.3% of the shares of the Company in issue at the date of the Meeting) were voted by proxy. No. Resolution ORDINARY BUSINESS 1 To receive and consider the Report and Accounts for the year ended 5 April 2011 Votes for/ 416,594 discretionary Votes against 0 Total votes cast 416,594 Votes withheld 0 Poll No 2 To approve the Directors' Remuneration Report for the year ended 5 April 2011 Votes for/ 416,594 discretionary Votes against 0 Total votes cast 416,594 Votes withheld 0 Poll No 3 To declare a final dividend for the year ended 5 April 2011 Votes for/ 416,594 discretionary Votes against 0 Total votes cast 416,594 Votes withheld 0 Poll No 4 To re-elect Mr T R Pattison as a Director of the Company Votes for/ 416,594 discretionary Votes against 0 Total votes cast 416,594 Votes withheld 0 Poll No 5 To re-elect Mr R P A Spiller as a Director of the Company Votes for/ 416,594 discretionary Votes against 0 Total votes cast 416,594 Votes withheld 0 Poll No 6 To re-elect Mr E G Meek as a Director of the Company Votes for/ 416,594 discretionary Votes against 0 Total votes cast 416,594 Votes withheld 0 Poll No 7 To re-appoint PricewaterhouseCoopers LLP as Auditors to the Company Votes for/ 415,994 discretionary Votes against 600 Total votes cast 416,594 Votes withheld 0 Poll No 8 To authorise the Directors to determine the Auditors' remuneration Votes for/ 416,594 discretionary Votes against 0 Total votes cast 416,594 Votes withheld 0 Poll No SPECIAL BUSINESS ORDINARY RESOLUTION 9 To authorise the Directors to allot Ordinary Shares Votes for/ 416,594 discretionary Votes against 0 Total votes cast 416,594 Votes withheld 0 Poll No SPECIAL RESOLUTIONS 10 To authorise the Directors to allot Ordinary Shares on a non pre-emptive basis Votes for/ 415,994 discretionary Votes against 600 Total votes cast 416,594 Votes withheld 0 Poll No 11 To authorise the Company to make market purchases of its own Ordinary Shares Votes for/ 414,594 discretionary Votes against 2,000 Total votes cast 416,594 Votes withheld 0 Poll No 12 To authorise the calling of general meetings, other than annual general meetings, on not less than 14 clear days' notice Votes for/ 414,594 discretionary Votes against 600 Total votes cast 415,194 Votes withheld 1,400 Poll No Note: Any proxy votes which are at the discretion of the Chairman have been included in the "for" total. A vote withheld is not a vote in law and is not counted in the votes for or against a resolution. At the date of the Meeting the total number of Ordinary Shares of 25p each in issue and the total number of voting rights was 2,919,906. The proxy voting figures will shortly also be available on the Company's website at www.capitalgearingtrust.com In accordance with Listing Rule 9.6.2, a copy of the full text of the special business resolutions passed has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do Disclaimer: Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement. Enquiries Keith Hawkins TMF Corporate Secretarial Services Ltd Email: company.secretary@capitalgearingtrust.com 5 July 2011
UK 100

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