Aberforth Geared Income Trust plc

    Result of General Meeting

    The Board of Aberforth Geared Income Trust plc ("AGIT") hereby report that the
    special resolution proposed at the General Meeting (the "meeting") held on 15
    June 2017 was passed by Shareholders on a show of hands.

    A total of 53.9 million proxy votes were received, representing 49.2% of the
    109.5 million Ordinary shares in issue, in respect of the resolution at the
    meeting.  Of the proxy votes cast in favour or against the resolution proposed
    at the meeting, over 99% were cast in favour of the resolution.

    The table below shows the result of the proxy voting:

    Special  Resolution         In Favour     Against   Total Votes      Withheld
                                                                                 
    To approve the             53,863,353      63,333    53,926,686       166,713
    reclassification of the                                                      
    shares in the capital                                                        
    of the Company as                                                            
    shares with "A" rights,                                                      
    shares with "B" rights,                                                      
    shares with "C" rights,                                                      
    shares with "D" rights                                                       
    and shares with "E"                                                          
    rights, to approve                                                           
    changes required to the                                                      
    Company's articles of                                                        
    association, to approve                                                      
    the scheme of                                                                
    reconstruction and                                                           
    winding up of the                                                            
    Company (the "Scheme")                                                       
    and to implement the                                                         
    Scheme.                                                                      

    It should be noted that despite the passing of the resolution, the Scheme
    remains conditional on:

     1. the passing of the First Resolution to be proposed at the Second Meeting
        and on any conditions of such resolution being satisfied;
     2. the UK Listing Authority amending the listing of the Company's Shares to
        reflect their reclassification as Reclassified Shares;
     3. the satisfaction of the Admission Condition;
     4. the minimum share subscription amount of 80 million ASLIT Ordinary Shares
        and 20 million ASLIT ZDP Shares being received by ASLIT pursuant to the
        Scheme and/or the ASLIT Placing and Offer; and
     5. the Directors not having resolved to abandon the Scheme or exercised their
        right, in accordance with paragraph 15.2 of Part 4 of the Circular not to
        proceed with the Scheme.

    Terms used in this announcement shall have the same meaning as set out in the
    circular sent to Shareholders on 19 May 2017.

    Gary Tait

    Aberforth Partners LLP, Secretaries

    0131 220 0733

    15 June 2017