Result of EGM

ABERFORTH GEARED CAPITAL & INCOME TRUST PLC

(IN MEMBERS' VOLUNTARY LIQUIDATION)

RESULT OF GENERAL MEETING HELD ON 9 AUGUST 2011

Further to the proposals for the reconstruction and winding up of the Company
which were announced on 28 June 2011, the special resolution placing the
Company into members' voluntary liquidation to permit the implementation of the
Scheme was duly passed at the General Meeting held earlier today.

For the purposes of the Scheme, the aggregate value of the total net assets of
the Company is £80.4 million, equating to 532.36p per share with A Rights and C
Rights and 100.00p per share with B rights and D Rights respectively. Assets
have been allocated to the Income Rollover Fund, the Capital Rollover Fund and
the Liquidation Fund in proportion to elections received, and deemed elections,
as announced on 28 July 2011. Cheques are expected to be dispatched and CREST
payments made to Shareholders in respect of cash elections under the Scheme as
soon as practicable. Any remaining balances in the Liquidation Fund will be
distributed to Income Shareholders and Capital Shareholders in due course.

Share certificates in respect of New AGIT Shares will be issued to those
Shareholders who elected to receive New AGIT Shares on 15 August 2011 (or as
soon as practicable thereafter).

A copy of the resolution passed at the General Meeting will shortly be
available for inspection via the National Storage Mechanism.

Enquiries:

David Ross                             0131 220 0733                 
                                                                     
John Evans                                                           
                                                                     
Alan Waite                                                           
                                                                     
Aberforth Partners LLP                                               
                                                                     
Douglas Armstrong                      020 7628 4455                 
                                                                     
Dickson Minto W.S.                                                   

Capitalised terms shall bear the meanings given to them in the Company's
Circular dated 28 June 2011 unless the context otherwise requires.