RNS No 2131h
GEARED INCOME INVESTMENT TRUST PLC
2 June 1999


ORDINARY SHARES OF 25P EACH

The company has today been informed that Aberdeen Asset Managers limited sold
1,030,000 ordinary shares (representing 1.13% of the issued class of capital)
on 1st June 1999 on behalf of Aberdeen Preferred Income Trust Plc.

Aberdeen Preferred Income Trust Plc now holds 6,000,000 ordinary shares of the
company, representing 6.57% of the issued class of capital.

The total number of ordinary shares managed by Aberdeen Asset Managers limited
and its associated companies is 10,000,000, representing 10.95% of the issued
class of capital

END

HOLSSEFIEUUUFLM


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