Director/PDMR Shareholding

Capital Gearing Trust plc

On 5 February 2008, Capital Gearing Trust plc (the 'Company') was
notified of the following transactions in accordance with paragraph
3.1.2 (R) of the UKLA's Disclosure & Transparency Rules:

Mr RPA Spiller, a Director of the Company, purchased the following
Ordinary Shares of 25p each ('Ordinary Shares') at a price of 2020p
per share in the Company on 5 February 2008, in the UK -

+-------------------------------------------------------------------+
|                  | Number of Ordinary Shares  | % of issued share |
|                  | purchased                  | capital           |
|------------------+----------------------------+-------------------|
| Director         |                            |                   |
|                  | 4,550                      | 0.16              |
| Mr RPA Spiller   |                            |                   |
|------------------+----------------------------+-------------------|
| Connected Person |                            |                   |
|                  | 1,900                      | 0.07              |
| Mrs D Spiller    |                            |                   |
| (Spouse)         |                            |                   |
+-------------------------------------------------------------------+

Following these transactions Mr RPA Spiller holds 305,671 Ordinary
Shares, 10.94 % of the issued share capital.

The issued share capital of the Company on 5 February 2008 is
2,794,906 Ordinary Shares.

Name of contact and telephone number for queries

Enquiries
Alice Parker, TMF Corporate Secretarial Services Limited
Email: [e-mail]

Date of notification

6 February 2008

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