Holding(s) in Company

TR 1 - NOTIFICATION OF MAJOR INTERESTS IN SHARES

1.Identity  of  the issuer  or  the   Aberforth Geared Capital & Income Trust
underlying   issuer   of   existing                                       plc
shares  to which voting rights  are
attached:

2. Reason for the notification:

An   acquisition  or  disposal   of                                       Yes
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 of                                       n/a
voting rights

Other (please specify):                                                   n/a

3.  Full  name of person(s) subject          East Riding of Yorkshire Council
to the notification obligation

4.  Full name of shareholder(s) (if
different from 3.):

5.  Date  of  the transaction  (and                           24 January 2008
date  on  which  the  threshold  is
crossed or reached if different):

6. Date on which issuer notified:                             25 January 2008

7. Threshold(s) that is/are crossed                                        3%
or reached:

8. Notified details:                                                      n/a



A: Voting rights attached to shares

Class/typ   Situation previous     Resulting situation after the triggering
     e of   to the Triggering                    transaction
   shares      transaction

       if
 possible
using the
ISIN CODE

           Number of  Number of  Number of  Number of voting   % of voting
            Shares     Voting     Shares         rights           rights
                       Rights

                                             Direct   Indir   Direct   Indire
                                                       ect               ct

Income         -          -          -          -       -       -        -
Shares
GB0031100
034

Capital    1,000,000  1,000,000  1,050,000  1,050,000   -     10% of     -
Shares                                                        class
GB0031100
141



B: 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)

Number of voting rights      % of voting rights

1,050,000                    3%



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                         n/a
holder will cease to hold:

12.  Date  on which proxy holder  will                         n/a
cease to hold voting rights:

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