APR Apr Energy

RNS No 2325d
GUINNESS FLIGHT GEARED INCOME & GROWTH TRUST PLC
4th November 1998


PLACING AND ADMISSION TO THE OFFICIAL LIST - NOTIFICATIONS OF SUBSTANTIAL
INTERESTS

Following the Placing of the Company's securities, the following substantial
interest notifications have been received:


Aberdeen Asset Management PLC
-----------------------------

Aberdeen Preferred Income Trust Plc 1,000,000 Income Shares (4.60% of class)
Other funds under management          500,000 Income Shares (2.30% of class)
                                    ---------
                                    1,500,000 Income Shares (6.90% of class)


Exeter Asset Management Limited
------------------------------- 

Dartmoor Investment Trust*          2,500,000 Income Shares (11.49% of class)
Exeter Enhanced Income Fund         2,500,000 Income Shares (11.49% of class)
Exeter High Income Trust            2,200,000 Income Shares (10.11% of class)
Exeter Equity Income Fund             200,000 Income Shares ( 0.92% of class)
                                    ---------
* = separately notifiable           7,400,000 Income Shares (34.02% of class)


BFS Income & Growth Trust PLC         600,000 Geared Ord. Shs (9.92% of class)
-----------------------------
(registration: Lloyds Bank Nominees Ltd., a/c BIG)


Geared Income Investment Trust PLC    600,000 Geared Ord. Shs (9.92% of class)
----------------------------------
(registration: Lloyds Bank (Stock Exchange Branch) Nominees Ltd., a/c GIIT)


END

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