Holding(s) in Company

Capital Gearing Trust plc

4 May 2011

NOTIFICATION OF MAJOR INTERESTS IN SHARES

Identity of the issuer to which voting rights are attached: 

Capital Gearing Trust plc

Reason for the notification:

Notification that Suffolk Life Annuities Limited does not have a notifiable
position in Capital Gearing Trust Plc.

Full name of person subject to the notification obligation:

Suffolk Life Annuities Limited

Full name of shareholders:

N/A

Date of the transaction:

N/A

Date on which issuer notified:

4 May 2011

Threshold that is crossed:

N/A

Voting rights attached to shares:

Situation previous to the Triggering transaction

Class of shares          Number of shares         Number of voting Rights    
                                                                             
Ord 25p Shares           251,695                  251,695                    
                                                                             
(GB0001738615)                                                               

Resulting situation after the triggering transaction

Class of Shares: Ord 25p Shares (GB0001738615)

Number of       Number of voting rights          % of voting rights            
shares                                                                         
                                                                               
Direct          Direct   Indirect    Total       Direct     Indirect   Total   
                                                                               
N/A             N/A      N/A         N/A         N/A        N/A        N/A     

Chain of controlled undertakings through which the voting rights are
effectively held:

Suffolk Life Annuities Limited are the legal and beneficial owners of these shares.

Proxy Voting:

Name of the proxy holder:

N/A

Number of voting rights proxy holder will cease to hold:

N/A

Date on which proxy holder will cease to hold voting rights:

N/A

Additional Information

Suffolk Life Annuities Limited does not believe it has a notifiable interest in
Capital Gearing Trust Plc, as explained in a letter sent to the company
secretary (TMF Nominees Limited). This is because responsibility for
notification lies with the underlying investors, as they control the voting
rights and not Suffolk Life.

Contact name:
Keith Hawkins

Contact telephone number:
01582 439 276