Aberforth Geared Income Trust plc ("AGIT")

The Net Asset Values ("NAVs") for the above company as at the close of
business on 16 December 2014 were:-

Ordinary Share (excluding current year revenue) = 176.00p

Ordinary Share (including current year revenue) = 180.32p

Zero Dividend Preference Share = 135.33p

The market value of investments was GBP295.5m less net liabilities (including
Zero Dividend Preference Shares) of GBP98.0m to leave Shareholders' Funds of
GBP197.5m.

Contact - Gary Tait (Tel: 0131 220 0733)

Aberforth Partners LLP, Secretaries - 17 December 2014