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 1,050,000 shares
Artemis Income Fund       2,421,127 shares

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
23 March 2005

12)  Total holding following this notification
3,471,127

13)  Total percentage holding of issued class following this notification
14.17%

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, Secretaries.

     Date of notification - 23 March 2005