Holding(s) in Company

Capital Gearing Trust PLC
29 November 2004


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

CAPITAL GEARING TRUST PLC


2. Name of shareholder having a major interest

SUFFOLK LIFE ANNUITIES LIMITED


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

BENEFICIAL HOLDING OF SUFFOLK LIFE ANNUITIES LIMITED


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

SUFFOLK LIFE ANNUITIES LIMITED


5. Number of shares / amount of stock acquired

-


6. Percentage of issued class

-


7. Number of shares / amount of stock disposed

25,000


8. Percentage of issued class

0.9%


9. Class of security

ORDINARY 25p SHARES


10. Date of transaction

23 NOVEMBER 2004



11. Date company informed

26 NOVEMBER 2004


12. Total holding following this notification

236,015


13. Total percentage holding of issued class following this notification

8.56%


14. Any additional information




15. Name of contact and telephone number for queries

ANDREW KANE, ERNST & YOUNG COMPANY SECRETARIAL GROUP, TEL: [phone]


16. Name and signature of authorised company official responsible for making
this notification

ANDREW KANE, ERNST & YOUNG COMPANY SECRETARIAL GROUP, TEL: [phone]


Date of notification

29 NOVEMBER 2004.



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