Holding(s) in Company

SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1) Name of company Aberforth Geared Capital & Income Trust plc 2) Name of shareholder having a major interest Britannic Investment Managers Limited 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 Notification is in respect of holding of the shareholder named in 2 above. 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them Vidacos Nominees Limited 5) Number of shares/amount of stock acquired N/A 6) Percentage of issued class N/A 7) Number of shares/amount of stock disposed 266,733 8) Percentage of issued class 1.09% 9) Class of security Income Shares of 1p 10) Date of transaction 9 October 2003 11) Date company informed 13 October 2003 12) Total holding following this notification 3,733,267 13) Total percentage holding of issued class following this notification 15.24% 14) Any additional information 15) Name of contact and telephone number for queries Steven McKeane - 0131 220 0733 16) Name and signature of authorised company official responsible for making this notification Steven McKeane, for Aberforth Partners, Secretaries. Date of notification - 14 October 2003 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/14/20031014BIT00970/wkr0001.doc http://www.waymaker.net/bitonline/2003/10/14/20031014BIT00970/wkr0002.pdf