Annual Financial Report

CAPITAL GEARING TRUST P.L.C

4 June 2010

REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2010

In accordance with Listing Rule 9.6.1 and DTR 6.1.2, two copies of the Report
and Accounts for the year ended 5 April 2010, Notice of the 2010 Annual General
Meeting and the related Form of Proxy, together with a copy of the new Articles
of Association which are proposed to be adopted at the Annual General Meeting,
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

The Report and Accounts for the year ended 5 April 2010 and the Notice of the
2010 Annual General Meeting have also been posted to shareholders and are
available to view at www.capitalgearingtrust.co.uk.

TMF Nominees Limited

Company Secretary

01582 439276

4 June 2010