AGM Results

Capital Gearing Trust p.l.c (the 'Company')
        Results of the Annual General Meeting (the 'Meeting')

The Annual General Meeting of the Company was held on 11 July 2008 at
12.30pm. At the Meeting the ordinary and special resolutions set out
in the notice of the meeting (a copy of which is available on the
Company's website at www.capitalgearingtrust.com) were proposed and
unanimously passed on a show of hands.

The proxy voting figures received are shown below. A total of 12% of
the issued share capital was voted.


No.              Resolution

1                To receive and consider the Report and Accounts for
                 the year ended 5 April 2008
   Votes for/discretionary                         335,124
   Votes against                                         0
   Total votes cast                                335,124
   Votes withheld                                        0
   Poll                                                 No
2  To approve the Directors' Remuneration Report for the year ended 5
   April 2008
   Votes for/discretionary                         335,124
   Votes against                                         0
   Total votes cast                                335,124
   Votes withheld                                        0
   Poll                                                 No
3  To declare a final dividend for the year ended 5 April 2008
   Votes for/discretionary                         335,124
   Votes against                                         0
   Total votes cast                                335,124
   Votes withheld                                        0
   Poll                                                 No
4  To re-elect Mr T R Pattison as a Director of the Company
   Votes for/discretionary                         335,124
   Votes against                                         0
   Total votes cast                                335,124
   Votes withheld                                        0
   Poll                                                 No
5  To re-elect Mr R P A Spiller as a Director of the Company
   Votes for/discretionary                         335,124
   Votes against                                         0
   Total votes cast                                335,124
   Votes withheld                                        0
   Poll                                                 No
6  To re-elect Mr J C Morton as a Director of the Company
   Votes for/discretionary                         335,124
   Votes against                                         0
   Total votes cast                                335,124
   Votes withheld                                        0
   Poll                                                 No
7  To re-elect Mr E G Meek as a Director of the Company
   Votes for/discretionary                         332,624
   Votes against                                         0
   Total votes cast                                332.624
   Votes withheld                                    2,500
   Poll                                                 No
8  To re-appoint PricewaterhouseCoopers LLP as Auditors to the
   Company, to hold office until the conclusion of the next general
   meeting
   Votes for/discretionary                         335,100
   Votes against                                        24
   Total votes cast                                335,124
   Votes withheld                                        0
   Poll                                                 No
9  To authorise the Directors to determine the Auditors' remuneration
   Votes for/discretionary                         335,100
   Votes against                                        24
   Total votes cast                                335,124
   Votes withheld                                        0
   Poll                                                 No
10 To renew the Directors' authority to allot shares
   Votes for/discretionary                         335,124
   Votes against                                         0
   Total votes cast                                335,124
   Votes withheld                                        0
   Poll                                                 No
11 To authorise the Company to make market purchases of its own
   shares
   Votes for/discretionary                         335,124
   Votes against                                         0
   Total votes cast                                335,124
   Votes withheld                                        0
   Poll                                                 No
12 To renew the Directors' authority to allot shares on a non
   pre-emptive basis
   Votes for/discretionary                         332,125
   Votes against                                        24
   Total votes cast                                332,149
   Votes withheld                                    2,975
   Poll                                                 No
13 To approve and adopt the amended Articles of Association of the
   Company, Article 102 (Directors' Fees) being subject to resolution
   14 being approved
   Votes for/discretionary                         335,124
   Votes against                                         0
   Total votes cast                                335,124
   Votes withheld                                        0
   Poll                                                 No
14 To increase the aggregate annual limit of Directors' fees payable,
   from £50,000 to £100,000
   Votes for/discretionary                         331,449
   Votes against                                       700
   Total votes cast                                332,149
   Votes withheld                                    2,975
   Poll                                                 No



Number of shareholders at Meeting date: 453
Issued share capital at Meeting date: 2,794,906 Ordinary Shares of
25p each
Number of votes per share: 1

The proxy voting figures will shortly be available on the Company's
website at www.capitalgearingtrust.com.

In accordance with Listing Rule 9.6.2, two copies of all the
resolutions passed, other than the resolutions concerning ordinary
business will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility at -

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS



Enquires
Alice Parker
TMF Corporate Secretarial Services Ltd
Email: [e-mail]