Quarterly Portfolio Update

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

LEI: 213800T2PJTPVF1UGW53

Quarterly Portfolio Update

Capital Gearing Trust P.l.c. announces that, as at 30 June 2022, it held the following investments in other listed closed-ended investment funds, which do

not have a stated investment policy to invest no more than 15% of their total assets in other listed closed-ended investment funds:

Name Percentage of net assets
GCP Infrastructure Investments 0.83%
Residential Secure Income 0.60%
Pershing Square Holdings 0.35%
AVI Global Trust 0.27%
UIL Zero Div Pref 2022 0.10%
UIL Zero Div Pref 2024 0.08%
Pantheon Infrastructure 0.04%
Total 2.27%

Capital Gearing Trust P.l.c. also announces that, as at 30 June 2022, the ten largest investments were as follows:

Name Percentage of net assets
UK Treasury 0.125% Index-Linked 2024 8.85%
iShares MSCI Japan ESG Screened UCITS ETF 3.44%
SPDR MSCI Europe UCITS ETF 2.40%
US Treasury 0.75% Index-Linked 2045 2.24%
Vonovia 2.13%
Grainger 1.91%
US Treasury 0.375% Index-Linked 2044 1.80%
Greencoat UK Wind 1.50%
Secure Income REIT 1.41%
North Atlantic Smaller Companies 1.32%
Total 27.00%

There were no additional investments with a value greater than 5% of the Company's portfolio.

It should be noted that the above percentages are calculated using 'bid' prices.

Enquiries:

Juniper Partners Limited, Company Secretary

Email: company.secretary@capitalgearingtrust.com

UK 100

Latest directors dealings