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 shares to   Trust plc                             
which voting rights are attached:                                               
                                                                                
2. Reason for the notification:                                                 
                                                                                
An acquisition or disposal of voting      Yes                                   
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 to the  East Riding of Yorkshire Council      
notification obligation                                                         
                                                                                
4. Full name of shareholder(s) (if                                              
different from 3.):                                                             
                                                                                
5. Date of the transaction (and date on   10 December 2010                      
which the threshold is crossed or reached                                       
if different):                                                                  
                                                                                
6. Date on which issuer notified:         13 December 2010                      
                                                                                
7. Threshold(s) that is/are crossed or    6%                                    
reached:                                                                        
                                                                                
8. Notified details:                                                            
                                                                                
Class/type   Situation previous   Resulting situation after the triggering      
of shares    to the Triggering    transaction                                   
             transaction                                                        
if possible                                                                     
using the    Number of  Number of Number of Number of voting   % of voting      
ISIN CODE    Shares     Voting    Shares    rights             rights           
                        Rights                                                  
                                            Direct    Indirect Direct  Indirect 
                                                                                
Capital      1,115,000  1,115,000 900,000   900,000   -        5.71%   -        
Shares                                                                          
GB0031100141                                                                    
                                                                                
Income       1,100,000  1,100,000 1,100,000 1,100,000 -                         
Shares                                                                          
GB0031100034                                                                    

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

C: Financial Instruments with similar economic effect to                       
Qualifying Financial Instruments                                               
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of     Expiration Exercise/      Number of voting rights   % of voting    
financial   date       Conversion     that may be acquired if   rights         
instrument             Period/ Date   the instrument is                        
                                      exercised/ converted.                    
                                                                               
Total (A+B+C)                                                                  
                                                                               
Number of voting rights            % of voting rights                          
                                                                               
2,000,000                          5.71%                                       
                                                                               
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