Top Ten Investments

ABERFORTH GEARED CAPITAL & INCOME TRUST plc


The  Board  of  Aberforth Geared Capital & Income Trust  plc  ("the  Company")
confirms  that,  as  at  31 December 2005, 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
                            (£)                      (%)

RPC GROUP              3,393,000       2.9%          2.9%
CARILLION              3,205,686       2.8%          5.7%
BROWN (N) GROUP        3,173,213       2.8%          8.5%
GREGGS                 2,994,453       2.6%         11.1%
VIRGIN MOBILE HLDGS    2,904,600       2.5%         13.6%
(UK)
CRODA INTERNATIONAL    2,881,250       2.5%         16.1%
VARDY (REG)            2,784,509       2.4%         18.5%
SPIRAX-SARCO           2,640,000       2.3%         20.8%
ENGINEERING
BODYCOTE INTERNATIONAL 2,638,923       2.3%         23.1%
BSS GROUP              2,520,000       2.2%         25.3%



Contact for enquiries
Gary Tait
Aberforth Partners LLP
0131 220 0733

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