Holding(s) in Company

TR1 - NOTIFICATION OF MAJOR INTERESTS IN SHARES
1.Identity of the issuer or the   Aberforth Geared Capital & Income
underlying issuer of existing     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
financial instruments which may
result in the acquisition of
shares already issued to which
voting rights are attached
An event changing the breakdown
of voting rights
Other (please specify):

3. Full name of person(s) subject Nicholas Howard Lewis
to the notification obligation
4. Full name of shareholder(s)    TDWCS LLP
(if different from 3.):
5. Date of the transaction (and   23 April 2010
date on which the threshold is
crossed or reached if different):
6. Date on which issuer notified: 26 April 2010
7. Threshold(s) that is/are       5%, 6%, 7%, 8% and 9% of total
crossed or reached:               voting rights
8. Notified details:

Class/t  Situation previous  Resulting situation after the
ype of   to the Triggering   triggering transaction
shares   transaction
if
possibl
e using
the
ISIN
CODE
         Number of Number    Number    Number of      % of voting
         Shares    of        of        voting rights  rights
                   Voting    Shares
                   Rights
                                            Indirect       Indirect
Income   1610895   1610895   3132395        3132395        8.95%
Shares
GB00311
00034
Capital  57400     57400     57400          57400          0.16%
Shares
GB00311
00141

B: Qualifying 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.


C: Financial Instruments with similar economic
effect to Qualifying 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.

Total (A+B+C)
Number of voting rights      % of voting rights
3,189,795                    9.11%
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable


Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy
holder will cease to hold:
12. Date on which proxy holder will
cease to hold voting rights:

13. Additional information:            Percentage based on total
                                       voting right 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