Result of Meeting

TO: PR Newswire

FROM: CAPITAL GEARING TRUST P.L.C.

DATE: 5 September 2016

Result of General Meeting

Capital Gearing Trust P.l.c. (the "Company") is pleased to announce that at a general meeting of the Company held earlier today, the resolution to disapply pre-emption rights in connection with the issue of further ordinary shares, as set out in the circular to shareholders dated 19 August 2016, was approved by shareholders.  Following today's meeting the Company has the capacity to issue 881,835 ordinary shares on a non pre-emptive basis.

The Board will only issue new shares at a premium to net asset value, to meet demand from investors and when the Board believes it is in the best interests of the Company and its shareholders to do so.

A copy of the special resolution passed at the general meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.  Details of the number of proxy votes cast for, against and withheld on the resolution will be published on the Company's website, www.capitalgearingtrust.com.

All enquiries:

Steven Cowie
Company Secretary
Tel: [phone]
Email:[e-mail]