Block listing Interim Review

BLOCKLISTING SIX MONTHLY REVIEW



1.      Name of company   Capital Gearing Trust plc


2.      Name of scheme    Shares issued by an investment trust


3.      Period of return  From 30 April 2007 to 30 October 2007

4.      Number and class  100,000 Ordinary Shares of 25p
of share(s) (amount of
stock/debt security) not
issued under scheme at
end of the last period
5.      Number of shares  Nil
issued/allotted under
scheme during period
6.      Balance under     100,000 Ordinary Shares of 25p
scheme not yet
issued/allotted at end of
period
7.      Number and class  116,000 Ordinary Shares of 25p listed on 17
of share(s) (amount of    July 2002 and 83,412 Ordinary Shares of 25p
stock/debt securities)    listed on 18 November 2005
originally listed and
date of admission

Please confirm total number of shares in issue at the end of the
period in order for us to update our records
                  2,794,906 Ordinary Shares of 25p


Contact for queries       Name:            Alice Parker

                          Email:
                          [e-mail]

                          Address:
                          TMF Corporate Secretarial Services Limited
                          400 Capability Green
                          Luton
                          Bedfordshire
                          LU1 3AE



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