Top Ten Investments as at 30 June 2005

ABERFORTH GEARED CAPITAL & INCOME TRUST plc


The  Board  of Aberforth Geared Capital & Income Trust plc ("the  Company")
confirms that, as at 30 June 2005, the top ten investments ranked by market
value of the Company's total investable assets were as follows: -


Company               Value (£) Weight (%) Accumulated (%)

Carillion             3,003,501       2.8%            2.8%
RPC Group             2,964,000       2.8%            5.6%
Greggs                2,962,262       2.8%            8.4%
Brown (N.) Group      2,551,800       2.4%           10.8%
ITE Group             2,450,832       2.3%           13.1%
Croda  Intl           2,384,375       2.2%           15.3%
Johnson Service       2,354,120       2.2%           17.5%
Group
Interserve            2,344,875       2.2%           19.7%
Spirax-Sarco          2,245,500       2.1%           21.8%
Engineering
BSS Group             2,238,000       2.1%           23.9%


Contact for enquiries
Gary Tait
Aberforth Partners
0131 220 0733

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