Annual Report and Accounts

Capital Gearing Trust PLC
18 July 2006



Capital Gearing Trust plc

REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2006

A copy of the above document has 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 7066 1000



Enquries
Andrew Kane



TMF Corporate Secretarial Services Limited


01582 439 272



END




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