Board Meeting Notification

ABERFORTH GEARED CAPITAL & INCOME TRUST plc

Board Meeting Notification

Please  be  advised  that  the Board of Directors  of  Aberforth  Geared
Capital & Income Trust plc will meet on 22 January 2003 to consider  the
preliminary  results and second interim dividend for the  period  to  31
December 2002.

It is anticipated that an announcement will be made on 22 January 2003.

Contact - Steven McKeane (Tel: [phone])
Aberforth Partners, Secretaries - 9 January 2003

ANNOUNCEMENT ENDS