Quarterly Portfolio Update - UK Listing Rule 11.7.8

Summary by AI ^BETAClose X

As of September 30, 2025, Capital Gearing Trust P.L.C. held investments in other listed closed-ended investment funds, with GCP Infrastructure Investments representing 0.63% of net assets, Residential Secure Income at 0.59%, and Achilles Investment Company at 0.18%, totaling 1.40%. The ten largest investments included UK Treasury 0.125% Index-Linked 10/08/2031 at 6.05% and Japan Treasury 0.6% 01/01/2027 at 5.30%. Additional significant holdings were in UK Treasury 0.75% Index-Linked 22/11/2033 at 3.73% and US Treasury 1.75% Index-Linked 15/01/2034 at 3.29%. The total of the ten largest investments amounted to 32.91% of net assets. The full list of investments will be available on the company website shortly.

Disclaimer*

LONDON STOCK EXCHANGE ANNOUNCEMENT

CAPITAL GEARING TRUST P.L.C.

(the "Company")

LEI: 213800T2PJTPVF1UGW53 10 October 2025

Quarterly Portfolio Update

In accordance with UK Listing Rule 11.7.8 the Company announces that, as at 30 September 2025, 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	0.63
Residential Secure Income	0.59
Achilles Investment Company	0.18
Total	1.40

The Company also announces that, as at 30 September 2025, the ten largest investments were as follows:

Name	Percentage of net assets
UK Treasury 0.125% Index-Linked 10/08/2031	6.05
Japan Treasury 0.6% 01/01/2027	5.30
UK Treasury 0.75% Index-Linked 22/11/2033	3.73
US Treasury 1.75% Index-Linked 15/01/2034	3.29
UK Treasury 0.125% Index-Linked 22/11/2032	2.59
US Treasury 1.375% Index-Linked 15/07/2033	2.53
Japan Treasury 0% 20/11/2025	2.37
Japan Treasury 0.7% 01/02/2027	2.37
UK Treasury 0.125% Index-Linked 22/03/2029	2.35
USA Treasury 0.625% Index-Linked 15/01/2026	2.33
Total	32.91