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 David Thomas McLeod Ross 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 Northern & Midland Nominees Ltd - Account SSOR143 - 400,000 Northern & Midland Nominees Ltd - Account SSOR203 - 40,000 Alliance Trust Savings Nominees Ltd - 103,244 5) Number of shares/amount of stock acquired 103,244 6) Percentage of issued class 0.98% 7) Number of shares/amount of stock disposed N/A 8) Percentage of issued class N/A 9) Class of security Capital Shares of 1p 10) Date of transaction 20 November 2003 11) Date company informed 21 November 2003 12) Total holding following this notification 543,244 13) Total percentage holding of issued class following this notification 5.17% 14) Any additional information N/A 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 - 21 November 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/2003/11/21/20031121BIT00340/wkr0001.doc http://www.waymaker.net/bitonline/2003/11/21/20031121BIT00340/wkr0002.pdf