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
East Riding of Yorkshire Council

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
N/A

5)   Number of shares/amount of stock acquired
N/A

6)   Percentage of issued class
N/A

7)   Number of shares/amount of stock disposed
50,000

8)   Percentage of issued class
0.48%

9)   Class of security
Capital Shares of 1p

10)  Date of transaction
23 October 2006

11)  Date company informed
6 November 2006

12)  Total holding following this notification
1,225,000

13)  Total percentage holding of issued class following this notification
11.67%

14)  Any additional information
N/A

15)  Name of contact and telephone number for queries
Gary Tait - 0131 220 0733

16)  Name and signature of authorised company official responsible for
     making this notification
Gary Tait, for Aberforth Partners LLP, Secretaries.

     Date of notification - 6 November 2006