The notification set out below is provided in accordance with the requirements
of the EU Market Abuse Regulation.
1 - Details of the person discharging managerial responsibilities / person
closely associated
a) Name of natural person Graham Menzies
2 - Reason for the notification
a) Position/status Director
b) Initial notification/ Initial Notification
amendment
3 - Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the entity Aberforth Geared Income Trust plc
b) Legal Entity Identifier 2138008A77WGCP5LV740
code
4 - Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; (iv) each
place where transactions have been conducted
a) Financial Instrument Ordinary Shares
Identification Code SEDOL: B4TR344
b) Nature of transaction Ceased management of a non-beneficial
portfolio which held 3,650 Ordinary
Shares
c) Date Of Transaction 24 October 2016
d) Price (s) N/A
e) Volume(s) 3,650
f) Aggregated information N/A
g) Place Of Transaction N/A
h) Currency GBP - British Pound
Contact Gary Tait
Aberforth Partners LLP, Secretaries
Date of Notification 24 October 2016