Holding(s) in Company

TR 1 - NOTIFICATION OF MAJOR INTERESTS IN SHARES
1.Identity of the issuer or the   Aberforth Geared Capital &
underlying issuer of existing     Income Trust plc
shares to which voting rights are
attached:
2. Reason for the notification:
An acquisition or disposal of     N/A
voting rights
An acquisition or disposal of     N/A
financial instruments which may
result in the acquisition of
shares already issued to which
voting rights are attached
An event changing the breakdown   N/A
of voting rights
Other (please specify):           Initial disclosure under DTR
                                  sourcebook
3. Full name of person(s) subject Resolution Investment Services
to the notification obligation    Limited
4. Full name of shareholder(s)    N/A
(if different from 3.):
5. Date of the transaction (and   N/A
date on which the threshold is
crossed or reached if different):
6. Date on which issuer notified: 19/3/07 & 17/4/07 (Re-Issue)
7. Threshold(s) that is/are       3%
crossed or reached:
8. Notified details:              Nominee holdings

A: Voting rights attached to shares
Class/typ  Situation         Resulting situation after the
e of       previous to the   triggering transaction
shares     Triggering
if         transaction
possible
using the
ISIN CODE
           Number   Number   Number  Number of     % of voting
           of       of       of      voting        rights
           Shares   Voting   Shares  rights
                    Rights
                                     Dire  Indire  Direct  Indirec
                                     ct    ct              t
Income                               0     3,733,  0       15.24%
Shares                                     267
GB0031100
034
Capital                              0     0       0       0%
Shares
GB0031100
141

B: Financial Instruments
Resulting situation after the triggering transaction
Type of   Expirat  Exercise/   Number of voting       % of voting
financial ion      Conversion  rights that may be     rights
instrumen date     Period/     acquired if the
t                  Date        instrument is
                               exercised/ converted.
N/A       N/A      N/A         N/A                    N/A

Total (A+B)
Number of voting rights      % of voting rights
3,733,267                    10.66%

9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable

Resolution Group plc

Resolution Asset Management Limited

Resolution Investment Services Limited (indirect)

Vidacos Nominees Ltd (3,733,267 shares - 10.66%)
Proxy Voting:
10. Name of the proxy holder:          N/A
11. Number of voting rights proxy      N/A
holder will cease to hold:
12. Date on which proxy holder will    N/A
cease to hold voting rights:
13. Additional information:            Percentage calculation
                                       based on total number of
                                       voting rights of
                                       35,000,000. (Income Shares
                                       of 24,500,000 and Capital
                                       Shares of 10,500,000).
14. Contact name:                      Gary Tait, Aberforth
                                       Partners LLP, Secretaries
15. Contact telephone number           0131-220-0733