Result of AGM

ABERFORTH GEARED CAPITAL & INCOME TRUST plc

ANNUAL GENERAL MEETING HELD ON 1 MARCH 2007

The Board of Aberforth Geared Capital & Income Trust plc ("AGCiT") is pleased
to  announce that all the resolutions proposed at the Annual General  Meeting
held  on 1 March 2007 were passed by Shareholders on a show of hands. A total
of 14,406,396 proxy votes were received, representing 41.2% of the 35,000,000
shares in issue (24,500,000 Income Shares and 10,500,000 Capital Shares),  in
respect of the 5 resolutions at the meeting. Of the proxy votes cast  for  or
against  the 5 resolutions proposed at the Annual General Meeting over  99.9%
were cast in favour of such resolutions or were left to the discretion of the
Chairman  and  would  have  been cast in favour of such  resolutions  by  the
Chairman.

The table below shows the result of the proxy voting:

Resolution    Votes in   Votes at    Votes     Votes    Total proxy
                favour Chairman's   against  withheld          votes
                       discretion
1           14,403,317      3,079        -         -     14,406,396
2           14,402,617      3,079        -       700     14,406,396
3           14,402,617      3,079        -       700     14,406,396
4           14,403,317      3,079        -         -     14,406,396
5           14,403,317      3,079        -         -     14,406,396


There was no Special Business conducted at the Meeting.

CONTACT:  Gary Tait      Aberforth Partners LLP      0131 220 0733

Aberforth Partners LLP, Secretaries - 2 March 2007

ANNOUNCEMENT ENDS