Director/PDMR Shareholding

Capital Gearing Trust PLC
09 July 2007


DIRECTORS SHAREHOLDING

Capital Gearing Trust plc

On 9 July 2007, Capital Gearing Trust plc (the 'Company') was notified of the 
following transactions in accordance with paragraph 3.1.2 of the UKLA's 
Disclosure & Transparency Rules:

Mr RPA Spiller, Mr JC Morton and Mr EG Meek, Directors of the Company, purchased
the following Ordinary Shares of 25p each ('Ordinary Shares') at a price of 
2033.5p per share in the Company on 4 July 2007, in the UK -

                                                  Number of         % of issued
Director                          Ordinary Shares purchased       share capital
Mr RPA Spiller                                        3,531                0.13

Connected Person   Relationship
Mrs D Spiller      Spouse                             8,000                0.29

                                                  Number of         % of issued
Director                          Ordinary Shares purchased       share capital
Mr EG Meek                                            4,000                0.14

Connected Person   Relationship
Mrs RS Meek        Spouse                             1,000                0.04

                                                  Number of         % of issued
Director                          Ordinary Shares purchased       share capital
Mr JC Morton                                          1,000                0.04

Following these transactions Mr RPA Spiller, Mr JC Morton and Mr EG Meek have 
the following interests in the Company's issued share capital:

                                  Number of Ordinary Shares         % of issued
Director                   held following this notification       share capital
Mr RPA Spiller                                      299,221               10.71
Mr EG Meek                                            7,500                0.27
Mr JC Morton                                          4,000                0.14

The issued share capital of the Company on 9 July 2007 is 2,794,906 Ordinary 
Shares.

Name of contact and telephone number for queries

Alice Parker
Tel: [phone]
TMF Corporate Secretarial Services Limited

Date of notification
9 July 2007






                      This information is provided by RNS
            The company news service from the London Stock Exchange