Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH
DR 3.1.4R(1)


1.  Name of the issuer

    CAPITAL GEARING TRUST P.L.C

2.  State whether the notification relates to
    (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or
    (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with
    section 324 (as extended by section 328) of the Companies Act
    1985; or
    (iii) both (i) and (ii)

    BOTH (i) AND (ii)

3.  Name of person discharging managerial responsibilities/director

    MR E G MEEK (DIRECTOR)

4.  State whether notification relates to a person connected with
    a person discharging managerial responsibilities/director named
    in 3 and identify the connected person

    MRS R S MEEK (SPOUSE)

5.  Indicate whether the notification is in respect of a holding of
    the person referred to in 3 or 4 above or in respect of a
    non-beneficial interest

    BOTH 3 AND 4 ABOVE

6.  Description of shares (including class), debentures or
    derivatives or financial instruments relating to shares

    ORDINARY SHARES OF 25P EACH

7.  Name of registered shareholders(s) and, if more than one, the
    number of shares held by each of them

    VARIOUS NOMINEE HOLDERS VIA SIPP AND ISA ACCOUNTS

8.  State the nature of the transaction

    ACQUISITION

9.  Number of shares, debentures or financial instruments relating
    to shares acquired

    3,303 SHARES > MR E G MEEK
    1,031 SHARES > MRS R S MEEK

10. Percentage of issued class acquired (treasury shares of
    that class should not be taken into account when calculating
    percentage)

    0.16%

11. Number of shares, debentures or financial instruments relating
    to shares disposed

    NIL

12. Percentage of issued class disposed (treasury shares of
    that class should not be taken into account when calculating
    percentage)

    NIL

13. Price per share or value of transaction

    2,090P PER SHARE

14. Date and place of transaction

    LONDON, 12 DECEMBER 2008

15. Total holding following notification and total percentage holding
    following notification (any treasury shares should not be taken
    into account when calculating percentage)

    11,834 SHARES     0.42%

16. Date issuer informed of transaction

    6 JANUARY 2009

17. Any additional information

    SHARES ACQUIRED WITHIN THE SALE AND PURCHASE FACILITY OFFERED BY
    THE COMPANY IN DECEMBER 2008.

18. Name of contact and telephone number for queries

    TRACEY LAGO, TMF CORPORATE SECRETARIAL SERVICES LIMITED
    TEL. [phone]

19. Name and signature of duly authorised officer
    of issuer responsible for making notification

    KEITH HAWKINS, FOR AND ON BEHALF OF TMF CORPORATE SECRETARIAL
    SERVICES LIMITED, COMPANY SECRETARY

20. Date of notification

    7 JANUARY 2009

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.