Net Asset Values

CAPITAL GEARING TRUST P.L.C (the "Company") Net Asset Values The Company announces that as at the close of business on 19 October 2012, the unaudited net asset values per ordinary share, valued on a `bid price' basis, were: Capital only - 2,982.98p Including income - 2,994.47p Enquiries: Keith Hawkins, TMF Corporate Secretarial Services Limited Email: company.secretary@capitalgearingtrust.com Date: 23 October 2012
UK 100