Holding(s) in Company

TR1 - 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     Yes
voting rights
An acquisition or disposal of
financial instruments which may
result in the acquisition of
shares already issued to which
voting rights are attached
An event changing the breakdown
of voting rights
Other (please specify):

3. Full name of person(s) subject Ignis Investment Services
to the notification obligation    Limited

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

5. Date of the transaction (and   23 April 2010
date on which the threshold is
crossed or reached if different):

6. Date on which issuer notified: 6 May 2010

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

8. Notified details:

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 Indirect Direct  Indirect
Income     2,617,857  2,617,857 Nil     Nil    Nil      Nil      Nil
Shares
GB0031100034

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.


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.

Total (A+B+C)
Number of voting rights      % of voting rights
Nil                          Nil

9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable

Pearl Group Limited, Impala Holdings Limited. Pearl Group Holdings
(No.1) Ltd, Ignis Asset Management Ltd, Ignis Investment Services
Ltd

Proxy Voting:
10. Name of the proxy holder:

11. Number of voting rights proxy
holder will cease to hold:

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

13. Additional information:            Percentage based on total
                                       voting right 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