Result of AGM

ABERFORTH GEARED CAPITAL & INCOME TRUST plc


ANNUAL GENERAL MEETING HELD ON 4 MARCH 2008

The  Board  of  Aberforth Geared Capital & Income Trust plc ("AGCiT")  hereby
report  that all the resolutions proposed at the Annual General Meeting  held
on  4  March 2008 were passed by Shareholders on a show of hands. A total  of
13,909,798  proxy votes were received, representing 39.7% of  the  35,000,000
shares in issue (24,500,000 Income Shares and 10,500,000 Capital Shares),  in
respect of the 4 resolutions at the meeting. Of the proxy votes cast  for  or
against  the  4 resolutions proposed at the Annual General Meeting  over  99%
were cast in favour of such resolutions.

The table below shows the result of the proxy voting:

Resolution   Votes in    Votes at    Votes     Votes    Total proxy
               favour  Chairman's  against  withheld          votes
                       discretion

1          13,909,798           0        0         0     13,909,798
2          13,908,298           0        0     1,500     13,909,798
3          13,901,698           0    6,600     1,500     13,909,798
4          13,908,298           0        0     1,500     13,909,798


Copies  of  the resolutions passed by Shareholders of the Company  have  been
submitted  to  the  UK  Listing Authority and will be available  shortly  for
inspection at its Document Viewing Facility which is situated at:
Financial Services Authority
25 The North Colonade
Canary Wharf
London E14 5HS


CONTACT:  Gary Tait      Aberforth Partners LLP      0131 220 0733

Aberforth Partners LLP, Secretaries - 5 March 2008


ANNOUNCEMENT ENDS