Result of AGM

Aberforth Geared Capital & Income Trust plc

Annual General Meeting held on 2 March 2011

The Board of Aberforth Geared Capital & Income Trust plc ("AGCiT") hereby
report that all the resolutions proposed at the Annual General Meeting ("the
meeting") held on 2 March 2011 were passed by Shareholders on a show of hands.

A total of 12,142,095 proxy votes were received, representing 34.7% of the
35,000,000 shares in issue (24,500,000 Income Shares and 10,500,000 Capital
Shares), in respect of the 4 resolutions at the meeting. Of the proxy votes
cast in favour or against the resolutions proposed at the meeting, over 99%
were cast in favour of all 4 resolutions.

The table below shows the result of the proxy voting:

Resolution   Votes in   Votes at         Votes at    Votes      Votes      Total
               favour Chairman's        Corporate  against   withheld      votes
                      discretion Representative's                                               
                                       discretion            
                                                                                
1          12,137,935          -                -    4,160          - 12,142,095
                                                                                
2          12,139,095          -                -        -      3,000 12,142,095
                                                                                
3          12,142,095          -                -        -          - 12,142,095
                                                                                
4          12,137,935          -                -    4,160          - 12,142,095

Copies of the resolutions passed by Shareholders of the Company have been
submitted to the National Storage Mechanism and will shortly be available for
inspection at www.hemscott.com/nsm.do.

Gary Tait - Aberforth Partners LLP, Secretaries - 0131 220 0733

3 March 2011