Dividend Declaration

NEWS RELEASE

                                                                    11 May 2007

                      FINSBURY GROWTH & INCOME TRUST PLC                       

                               Interim Dividend                                

The Company declares an interim dividend of 4.2p per Ordinary share.

Such dividend will become payable on 14 June 2007 to holders on the register as
at 25 May 2007. The shares will go ex-dividend on 23 May 2007.

                                    - end -                                    

For further information please contact:

Mark Pope, Company Secretary

Frostrow Capital LLP

Telephone [phone]

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