Director/PDMR Shareholding

Capital Gearing Trust plc On 5 February 2008, Capital Gearing Trust plc (the 'Company') was notified of the following transactions in accordance with paragraph 3.1.2 (R) of the UKLA's Disclosure & Transparency Rules: Mr RPA Spiller, a Director of the Company, purchased the following Ordinary Shares of 25p each ('Ordinary Shares') at a price of 2020p per share in the Company on 5 February 2008, in the UK - +-------------------------------------------------------------------+ | | Number of Ordinary Shares | % of issued share | | | purchased | capital | |------------------+----------------------------+-------------------| | Director | | | | | 4,550 | 0.16 | | Mr RPA Spiller | | | |------------------+----------------------------+-------------------| | Connected Person | | | | | 1,900 | 0.07 | | Mrs D Spiller | | | | (Spouse) | | | +-------------------------------------------------------------------+ Following these transactions Mr RPA Spiller holds 305,671 Ordinary Shares, 10.94 % of the issued share capital. The issued share capital of the Company on 5 February 2008 is 2,794,906 Ordinary Shares. Name of contact and telephone number for queries Enquiries Alice Parker, TMF Corporate Secretarial Services Limited Email: company.secretary@capitalgearingtrust.com Date of notification 6 February 2008 ---END OF MESSAGE---