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

CAPITAL GEARING TRUST P.L.C.

(the "Company")

LEI:213800T2PJTPVF1UGW53

Date: 22 November 2024

Net Asset Value

The Company announces that, as at the close of business on 21 November 2024, the unaudited net asset values per ordinary share, valued on a 'bid price' basis, were:

Capital only: 4,815.80p

Including income: 4,864.36p

Frostrow Capital LLP

Company Secretary

Email: company.secretary@capitalgearingtrust.com