Directorate Change

CAPITAL GEARING TRUST P.L.C.

To:  PR Newswire

From:  Capital Gearing Trust P.l.c. (the “Company”)

LEI:                    213800T2PJTPVF1UGW53

Date:  6 July 2021

Directorate Change

As noted in the Annual Report for the year ended 5 April 2021, Alastair Laing retired from the Board with effect from the close of the Annual General Meeting held today, 6 July 2021.

Juniper Partners Limited, Company Secretary

Email: [e-mail]