Net Asset Value(s)

CAPITAL GEARING TRUST P.L.C (the "Company")

Net Asset Value

The Company announces that as at the close of business on 3 February 2012, the
unaudited capital only net asset value per ordinary share, valued on a `bid
price' basis, was 2,892.60p

Enquiries:
Keith Hawkins, TMF Corporate Secretarial Services Limited
Email: [e-mail]

Date: 7 February 2012