TR1 - NOTIFICATION OF MAJOR INTERESTS IN SHARES

    1.Identity of the issuer or the underlying issuer of  Aberforth Geared Income Trust     
    existing shares to which voting rights are attached:  plc    (LEI: 2138008A77WGCP5LV740)
                                                                                            
    2. Reason for the notification:                                                         
                                                                                            
    An acquisition or disposal of voting rights           X                                 
                                                                                            
    An acquisition or disposal of financial instruments                                     
    which may result in the acquisition of shares already                                   
    issued to which voting rights are attached                                              
                                                                                            
    An event changing the breakdown of voting rights                                        
                                                                                            
    Other (please specify):                                                                 
                                                                                            
    3. Full name of person(s) subject to the notification Witan Investment Trust plc (LEI:  
    obligation                                            213800XMW68XFT6D1X59)             
                                                                                            
    4. Full name of shareholder(s) (if different from                                       
    3.):                                                                                    
                                                                                            
    5. Date of the transaction (and date on which the     21 April 2017 (1)                 
    threshold is crossed or reached if different):        24 April 2017 (2)                 
                                                                                            
    6. Date on which issuer notified:                     24 April 2017                     
                                                                                            
    7. Threshold(s) that is/are crossed or reached:       6% (1)                            
                                                          5%,4% (2)                         
                                                                                            
    8. Notified details:                                                                    
                                                                                            
    A: Voting rights attached to shares                                                     
                                                                                            
    Class/type of Situation previous to  Resulting situation after the triggering           
    shares        the Triggering         transaction                                        
    if possible   transaction                                                               
    using the                                                                               
    ISIN CODE     Number of   Number of  Number of  Number of voting     % of voting rights 
                  Shares      Voting     Shares     rights                                  
                              Rights                                                        
                                                    Direct      Indirect Direct  Indirect   
                                                                                            
    Ordinary 1p   6,795,835   6,795,835  4,350,000  4,350,000          - 3.97%             -
    Shares                                                                                  
    GB00B4TR3444                                                                            
                                                                                            

       

    B: Qualifying Financial Instruments                                                      
                                                                                             
    Resulting situation after the triggering transaction                                     
                                                                                             
    Type of      Expiration  Exercise/       Number of voting rights that  % of voting rights
    financial    date        Conversion      may be acquired if the                          
    instrument               Period/ Date    instrument is exercised/                        
                                             converted.                                      
                                                                                             
               -           -               -                             -                  -
                                                                                             
    C: Financial Instruments with a similar economic effect to Qualifying Financial          
    Instruments                                                                              
                                                                                             
    Resulting situation after the triggering transaction                                     
                                                                                             
    Type of      Exercise    Expiration date Number of voting rights       % of voting rights
    financial    Price                       instrument refers to                            
    instrument                                                                               
                                                                                             
               -           -               -                             -                  -
                                                                                             
    Total (A+B+C)                                                                            
                                                                                             
    Number of voting rights               % of voting rights                                 
                                                                                             
    4,350,000                             3.97%                                              
                                                                                             
    9. Chain of controlled undertakings through which the voting rights and/or the           
    financial instruments are effectively held, if applicable                                
                                                                                             
    Proxy Voting:                                                                            
                                                                                             
    10. Name of the proxy holder:                       -                                    
                                                                                             
    11. Number of voting rights proxy holder will cease -                                    
    to hold:                                                                                 
                                                                                             
    12. Date on which proxy holder will cease to hold   -                                    
    voting rights:                                                                           
                                                                                             
    13. Additional information:                         Percentages based on total voting    
                                                        rights of 109,500,000 Ordinary Shares
                                                                                             
    14. Contact name:                                   Gary Tait, Aberforth Partners LLP,   
                                                        Secretaries                          
                                                                                             
    15. Contact telephone number                        0131 220 0733