RNS Number:7929P
Aberforth Geared Cap & Inc Tst PLC
10 January 2002

ABERFORTH GEARED CAPITAL & INCOME TRUST plc



The Net Asset Values ("NAVs") at the close of business on 9 January 2002 for
the above company were:-



Income Shares                                                   50.34p

(Excluding Current Year Revenue)

Capital Shares                                                 210.48p

"Notional Package"                                             98.38p

(Comprising 0.7 of an Income Share & 0.3 of a Capital Share)

(Excluding Current Year Revenue)



The number of Income Shares of 1p in issue at the above date was 24,500,000.

The number of Capital Shares of 1p in issue at the above date was 10,500,000.



Notes:

As at 9 January 2002 the Company had invested, at cost, #43.7 million in the
securities of small UK quoted companies.  At launch on 18 December 2001, the
Company had available to it #34.3m of net proceeds from Shareholders plus #
34.3m of bank facilities, and initial NAVs were: Income Shares 50.00p, Capital
Shares 210.32p and "Notional Package" 98.10p.  At 9 January 2002 therefore the
Company had invested 64% of the total initial funds available to it.


Contact - Steven McKeane (Tel: 0131 220 0733)

Aberforth Partners, Secretaries - 10 January 2002




ANNOUNCEMENT ENDS



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