Holding(s) in Company

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     Yes
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):           N/A

3. Full name of person(s) subject Ignis Investment Services Limited
to the notification obligation

4. Full name of shareholder(s)
(if different from 3.):

5. Date of the transaction (and   24/07/2009
date on which the threshold is
crossed or reached if different):

6. Date on which issuer notified: 28/07/2009

7. Threshold(s) that is/are       8%
crossed or reached:

8. Notified details:
A: Voting rights attached to shares
Class/type  Situation         Resulting situation after the
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
                                     Direct Indirect Direct  Indirect
Income                                      3,068,940        8.77%
Shares
GB0031100034

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

C: Financial Instruments with similar economic
effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of   Expiration  Exercise/   Number of voting       % of voting
financial date        Conversion  rights that may be     rights
instrument            Period/     acquired if the
                      Date        instrument is
                                  exercised/ converted.
N/A

Total (A+B+C)
Number of voting rights      % of voting rights
3,068,940                    8.77%

9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable
Pearl Group Limited
Impala Holdings Limited
Pearl Group Holdings (No.1) Ltd
Ignis Asset Management Ltd
Ignis Investment Services Ltd (indirect)


Vidacos Nominees Ltd (3,068,940   8.77%)


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:            N/A

14. Contact name:                      David Holland, Aberforth Partners LLP
                                       Secretaries
15. Contact telephone number           0131-220-0733