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
Hallwood Investments Ltd

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 holding of the shareholder named in 2 above.

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
25,000

6)   Percentage of issued class
0.24%

7)   Number of shares/amount of stock disposed
N/A

8)   Percentage of issued class
N/A

9)   Class of security
Capital Shares of 1p

10)  Date of transaction
Not Disclosed

11)  Date company informed
30 June 2005

12)  Total holding following this notification
320,000

13)  Total percentage holding of issued class following this notification
3.05%

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 - 30 June 2005