Aberforth Geared Income Trust plc

    In accordance with UKLA Listing Rule 15.6.8R, the following table represents
    Aberforth Geared Income Trust plc's (AGIT) investments, as at 31 December 2016,
    in other UK listed closed-ended investment funds (including REIT's) which
    themselves do not have a stated investment policy to invest no more than 15% of
    their gross assets in other UK listed closed-ended investment funds (including
    REIT's):

    Security                     % of AGIT's
                                 Portfolio  
                                            
    Hansteen Holdings plc        1.8        
                                            
    Assura plc                   1.7        
                                            
    McKay Securities plc         1.0        
                                            
                                 ----       
                                            
    Total                        4.5        
                                            
                                 ----       

    AGIT does not invest in any securities issued by investment trusts or
    investment companies with the exception of real estate investment trusts
    (REIT's) that are eligible to be included in the NSCI (XIC) index.

    Contact:

    Gary Tait
    For and on behalf of Aberforth Partners LLP, Secretaries
    Telephone: 0131 220 0733

    6 January 2017