Guinness Flght Gd IG - Hldg by Geared Income Inv.

RNS No 1425m
GUINNESS FLIGHT GEARED INCOME & GROWTH TRUST PLC
8 July 1999


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
GUINNESS FLIGHT GEARED INCOME & GROWTH TRUST PLC

2   Name of shareholder having a major interest:
GEARED INCOME INVESTMENT TRUST PLC

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:
IN RESPECT OF HOLDING OF SHAREHOLDER IN (2) ABOVE

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
LLOYDS BANK (STOCK EXCHANGE BRANCH) NOMINEES LIMITED, ACCOUNT GIIT

5   Number of shares/amount of stock acquired:
Nil

6   Percentage of issued class:
Nil

7   Number of shares/amount of stock disposed:
84,000

8   Percentage of issued class:
1.388%

9   Class of security:
5P GEARED ORDINARY SHARES

10  Date of transaction:
6 July 1999

11  Date company informed:
7 July 1999

12  Total holding following this notification:
516,000

13  Total percentage holding of issued class following this notification:
8.529%

14  Contact name for queries:
CHRISTOPHER WISE

15 Contact telephone number:
0171 597 1843

16  Name of company official responsible for making notification:
CHRISTOPHER WISE

17  Date of notification:
8 JULY 1999


Additional Information:


END

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