Holding(s) in Company

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)   Name of company
Aberforth Geared Capital & Income Trust plc

2)   Name of shareholder having a major interest
John Martin Evans

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18
Notification is in respect of holding of the shareholder named in 2 above.

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them
BDS Nominees Limited - A/c GPEP         20,610
BNP (OCS) Nominees Limited              75,000
John Martin Evans Esq                  190,000
John Martin Evans Esq HLE ACCT           1,000
Mrs Judith Anne Evans                   18,000
TC Nominees (No2) Limited               25,000

5)   Number of shares/amount of stock acquired
Not disclosed.

6)   Percentage of issued class
Not disclosed.

7)   Number of shares/amount of stock disposed
Not disclosed.

8)   Percentage of issued class
Not disclosed.

9)   Class of security
Capital Shares of 1p

10)  Date of transaction
Not disclosed.

11)  Date company informed
31 October 2006

12)  Total holding following this notification
329,610

13)  Total percentage holding of issued class following this notification
3.14%

14)  Any additional information
N/A

15)  Name of contact and telephone number for queries
Gary Tait - 0131 220 0733

16)  Name and signature of authorised company official responsible for
     making this notification
Gary Tait, for Aberforth Partners LLP, Secretaries.

     Date of notification - 31 October 2006