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
Artemis Investment Management Limited

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 the holdings for the following beneficial owners:
Artemis High Income Fund               3,500,000
Artemis Income Fund                    0 (Nil)

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
n/a

8)   Percentage of issued class
n/a

9)   Class of security
Income Shares of 1p

10)  Date of transaction
n/a

11)  Date company informed
26 June 2006

12)  Total holding following this notification
3,500,000

13)  Total percentage holding of issued class following this notification
14.29%

14)  Any additional information
Artemis Investment Management Limited is the investment manager of Artemis High Income Fund and Artemis Income Fund.
This notification is in respect of a transfer of 2,450,000 Income Shares from Artemis Income Fund to Artemis High Income
Fund.

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 - 27 June 2006