Net Asset Value(s)

1 Apr 2011 09:40

ABERFORTH GEARED CAPITAL & INCOME TRUST plc ("AGCiT") The Net Asset Values ("NAVs") for the above company as at the close of business on 31 March 2011 were:-

Capital Share (per Articles) = 535.21p Capital Share (capital entitlement of 100p per Income Share and nil swap

valuation) = 541.68p

Income Share (including All Revenue) = 105.72p Income Share (excluding All Revenue) = 100.00p The market value of investments was £116.4m less bank debt and net current

assets/liabilities (excluding Income Shares) of £34.3m to leave Shareholders'

Funds (including Income Shares) of £82.1m. Contact - Gary Tait (Tel: 0131 220 0733) Aberforth Partners LLP, Secretaries - 1 April 2011

ANNOUNCEMENT ENDS

ABERFORTH GEARED CAPITAL & INCOME TRUST PLC (CAP SHS)