Holding(s) in Company

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company
Aberforth Geared Capital & Income Trust plc

2) Name of shareholder having a major interest
David Thomas McLeod Ross

3) Please state whether notification indicates that it is in respect of
 holding of the shareholder named in 2 above or in respect of a
 non-beneficial interest or in the case of an individual holder if it is
a
 holding of that person's spouse or children under the age of 18
Notification is in respect of holding of the shareholder named in 2
above.

4) Name of the registered holder(s) and, if more than one holder, the
 number of shares held by each of them
Northern & Midland Nominees Ltd - Account SSOR143 - 400,000
Northern & Midland Nominees Ltd - Account SSOR203 - 40,000
Alliance Trust Savings Nominees Ltd - 103,244

5) Number of shares/amount of stock acquired
103,244

6) Percentage of issued class
0.98%

7) Number of shares/amount of stock disposed
N/A

8) Percentage of issued class
N/A

9) Class of security
Capital Shares of 1p

10) Date of transaction
20 November 2003

11) Date company informed
21 November 2003

12) Total holding following this notification
543,244

13) Total percentage holding of issued class following this notification
5.17%

14) Any additional information
N/A

15) Name of contact and telephone number for queries
Steven McKeane - 0131 220 0733

16) Name and signature of authorised company official responsible for
 making this notification
Steven McKeane, for Aberforth Partners, Secretaries.

 Date of notification - 21 November 2003