Annual Report and Accounts

Capital Gearing Trust PLC
16 July 2007


                   CAPITAL GEARING TRUST plc (the 'Company')


ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2007

In accordance with Listing Rule number 9.6.1 two copies of the above document 
have been submitted to the UK Listing Authority, and will shortly be available 
for inspection at the UK Listing Authority's Document Viewing Facility, which 
is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London, E14 5HS
Tel No: 020 7676 1000

The document can be obtained from the Company's website at 
www.capitalgearingtrust.com, or

From TMF Corporate Secretarial Services Limited at the address below.

For all enquiries please contact:

Shanny Looi or Alice Parker

TMF Corporate Secretarial Services Limited
400 Capability Green
Luton
Bedfordshire
LU1 3AE

01582 439 219 or 01582 439 292

16 July 2007








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