Capital Gearing Trust plc

    To:                   PR Newswire

    From:              Capital Gearing Trust P.l.c.

    Date:               20 January 2017

    ISSUE OF EQUITY

    On 20 January 2017 Capital Gearing Trust P.l.c. (the "Company") issued 4,000
    Ordinary Shares of 25p from its block listing facility at a price of 3,809
    pence per share.

    The Company's issued share capital now consists of 4,189,504 Ordinary shares,
    and there are no shares held in Treasury.  Therefore, the total number of
    shares with voting rights in the Company is 4,189,504.

    The above figure may be used by shareholders as the denominator for the
    calculations by which they will determine if they are required to notify their
    interest in, or a change to their interest in, Capital Gearing Trust P.l.c.
    under the FCA's Disclosure and Transparency Rules.

    Steven Cowie

    Company Secretary

    Enquiries: 0131 538 6604