Dividend Declaration

ABERFORTH GEARED CAPITAL & INCOME TRUST plc

Second Interim Dividend

The details of the second interim dividend of 5.39p per Income Share for the year ended 31 December 2005 announced on 18
January 2006 are:

Ex-date:                25 January 2006
Record date:            27 January 2006
Pay date:               23 February 2006

Contact: Gary Tait     Tel: [phone]
Aberforth Partners LLP, Secretaries
18 January 2006

ANNOUNCEMENT ENDS