Holding(s) in Company

NOTIFICATION OF MAJOR INTERESTS IN SHARES
1.Identity of the issuer or the   Aberforth Geared Capital &
underlying issuer of existing     Income Trust plc
shares to which voting rights are
attached:
2. Reason for the notification:
An acquisition or disposal of     N/A
voting rights
An acquisition or disposal of     N/A
financial instruments which may
result in the acquisition of
shares already issued to which
voting rights are attached
An event changing the breakdown   N/A
of voting rights
Other (please specify):           Yes - Bloomberg updated voting
                                  rights attached to shares
3. Full name of person(s) subject Artemis Investment Management
to the notification obligation    Limited
4. Full name of shareholder(s)    Artemis High Income
(if different from 3.):
5. Date of the transaction (and   13 June 2009
date on which the threshold is
crossed or reached if different):
6. Date on which issuer notified: 14 June 2009
7. Threshold(s) that is/are       9%
crossed or reached:
8. Notified details:
A: Voting rights attached to shares
Class/typ  Situation         Resulting situation after the
e of       previous to the   triggering transaction
shares     Triggering
if         transaction
possible
using the
ISIN CODE
           Number   Number   Number  Number of     % of voting
           of       of       of      voting        rights
           Shares   Voting   Shares  rights
                    Rights
                                     Direct Indir  Direct  Indirec
                                            ect            t
Income     2,925,0  0        2,925,  2,925, 0      8.36%
Shares     00                000     000
GB0031100
034

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of   Expirat  Exercise/   Number of voting       % of voting
financial ion      Conversion  rights that may be     rights
instrumen date     Period/     acquired if the
t                  Date        instrument is
                               exercised/ converted.
N/A       N/A      N/A         N/A                    N/A

C: Financial Instruments with similar economic
effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of   Expirat  Exercise/   Number of voting       % of voting
financial ion      Conversion  rights that may be     rights
instrumen date     Period/     acquired if the
t                  Date        instrument is
                               exercised/ converted.
N/A       N/A      N/A         N/A                    N/A
Total (A+B+C)
Number of voting rights      % of voting rights
2,925,000                    8.36%
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable


Proxy Voting:
10. Name of the proxy holder:          N/A
11. Number of voting rights proxy      N/A
holder will cease to hold:
12. Date on which proxy holder will    N/A
cease to hold voting rights:

13. Additional information:            N/A
14. Contact name:                      Gary Tait, Aberforth
                                       Partners LLP, Secretaries
15. Contact telephone number           0131-220-0733