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ABERFORTH GEARED INCOME TRUST PLC - Net Asset Value(s)

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Aberforth Geared Income Trust plc ("AGIT")

The Net Asset Values ("NAVs") for the above company as at the close of
business on 26 March 2015 were:-

Ordinary Share (excluding current year revenue) = 204.49p

Ordinary Share (including current year revenue) = 208.93p

Zero Dividend Preference Share = 137.77p

The market value of investments was GBP324.1m less net liabilities (including
Zero Dividend Preference Shares) of GBP95.3m to leave Shareholders' Funds of
GBP228.8m.

Contact - Gary Tait (Tel: 0131 220 0733)

Aberforth Partners LLP, Secretaries - 27 March 2015

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