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

Net Asset Values

The Company announces that, as at the close of business on 29 August 2014, the
unaudited net asset values per ordinary share, valued on a 'bid price' basis,
were:

Capital only: 3,144.78
Including income: 3,151.28

Enquiries:
Katherine Manson, TMF Corporate Secretarial Services Limited
Email: company.secretary@capitalgearingtrust.com

Date: 02 September 2014