Top Ten Investments as at 30 June 2006

ABERFORTH GEARED CAPITAL & INCOME TRUST plc


The Board of Aberforth Geared Capital & Income Trust plc ("the Company") confirms that, as at 30 June 2006, the top ten
investments ranked by market value (based on bid prices) of the Company's total investable assets were as follows: -


Company                         Value (£)  Weight (%)      Accumulated (%)

Greggs                          4,146,800       3.5%            3.5%
Carillion                       4,146,106       3.5%            7.0%
Brown (N.) Group                3,505,534       2.9%            9.9%
Headlam Group                   2,809,463       2.3%            12.2%
RPC Group                       2,808,000       2.3%            14.5%
Spirax-Sarco Engineering        2,725,500       2.3%            16.8%
Croda International             2,710,938       2.3%            19.1%
ITE Group                       2,556,830       2.1%            21.2%
BSS Group                       2,532,000       2.1%            23.3%
Holidaybreak                    2,506,385       2.1%            25.4%


Contact for enquiries
Gary Tait
Aberforth Partners LLP
0131 220 0733

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