Half-yearly report

ABERFORTH GEARED CAPITAL & INCOME TRUST plc

HALF YEARLY REPORT

It is announced that the Half Yearly Report for the six months to 30 June 2010
has been issued in advance of its approval by the Board as a result of an
administrative error and should be ignored. In particular, the First Interim
Dividend per Income Share has not yet been approved by the Board.

It is expected that the Half Yearly Report will be issued by 12:30 p.m. on 16 July
2010 following due consideration by the Board.

By order of the Board

Aberforth Partners LLP
Secretaries

15 July 2010