Top Ten Investments as at 31 March 2006

ABERFORTH GEARED CAPITAL & INCOME TRUST plc


The Board of Aberforth Geared Capital & Income Trust plc ("the Company") confirms that, as at 31 March 2006, the top ten
investments ranked by market value (based on bid prices) of the Company's total investable assets were as follows: -


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

Carillion                   4,628,058   3.7%                 3.7%
Greggs                      3,817,463   3.1%                 6.8%
Brown (N.) Group            3,623,683   2.9%                 9.7%
Croda International         3,087,500   2.5%                12.1%
RPC Group                   2,997,000   2.4%                14.5%
Spirax-Sarco Engineering    2,877,000   2.3%                16.8%
BSS Group                   2,852,000   2.3%                19.1%
ITE Group                   2,829,413   2.3%                21.4%
Bodycote International      2,748,891   2.2%                23.6%
Headlam Group               2,705,869   2.2%                25.7%


Contact for enquiries
Gary Tait
Aberforth Partners LLP
0131 220 0733

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