Holding(s) in Company

TR 1 - NOTIFICATION OF MAJOR INTERESTS IN SHARES
1.Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:       Aberforth
Geared Capital & Income Trust plc
2. Reason for the notification:
An acquisition or disposal of voting rights     Yes
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to
which voting rights are attached        n/a
An event changing the breakdown of voting rights        n/a
Other (please specify):
        n/a
3. Full name of person(s) subject to the notification obligation        Nicholas Howard Lewis
4. Full name of shareholder(s) (if different from 3.):  OMX Securities Nominees Ltd
5. Date of the transaction (and date on which the threshold is crossed or reached if different):        3 December 2007
6. Date on which issuer notified:       4 December 2007
7. Threshold(s) that is/are crossed or reached: From 3% to 4%
8. Notified details:    n/a

A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE
                             Situation previous to     Resulting situation after
                           the triggering transation   the triggering transaction
                              Shares Voting Rights      Shares  Voting rights       % of voting rights
                                                                Direct  Indirect     Direct    Indirect
Income Shares  GB0031100034     -       1,435,895       -       -       1,522,395       -        6.21%
Capital Shares GB0031100141     -       -               -       -       -               -        -


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

Total (A+B)
Number of voting rights         % of voting rights
1,522,395                       4.35%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable
Not disclosed
Proxy Voting:
10. Name of the proxy holder:    n/a
11. Number of voting rights proxy holder will cease to hold:    n/a
12. Date on which proxy holder will cease to hold voting rights:        n/a
13. Additional information:     Percentage calculation based on total number of voting rights 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