Capital Gearing Trust P.l.c. - Net Asset Value(s)

CAPITAL GEARING TRUST P.L.C.

(the "Company")

LEI:213800T2PJTPVF1UGW53

Date: 18 November 2024

Net Asset Value

The Company announces that, as at the close of business on 15 November 2024, the unaudited net asset values per ordinary share, valued on a 'bid price' basis, were:

Capital only: 4,807.89p

Including income: 4,853.86p

Frostrow Capital LLP

Company Secretary

Email: company.secretary@capitalgearingtrust.com