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

CAPITAL GEARING TRUST P.L.C.

(the "Company")

LEI:213800T2PJTPVF1UGW53

Date: 02 June 2025

Net Asset Value

The Company announces that, as at the close of business on 30 May 2025, the unaudited net asset values per ordinary share, valued on a 'bid price' basis, were:

Capital only: 4,794.41p

Including income: 4,930.45p

Frostrow Capital LLP

Company Secretary

Email: company.secretary@capitalgearingtrust.com