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 01 August 2014, the
unaudited net asset values per ordinary share, valued on a 'bid price' basis,
were:

Capital only: 3,128.12p
Including income: 3,132.13p

Enquiries:
Katherine Manson, TMF Corporate Secretarial Services Limited
Email: [e-mail]

Date: 05 August 2014