Holding(s) in Company

For filings with the FSA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        
                                                                                        
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer             Finsbury Growth & Income 
of existing shares to which voting rights are                          Trust PLC        
attached:ii                                                                             
                                                                                        
2 Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                        X    
                                                                                        
An acquisition or disposal of qualifying financial instruments which may                
result in the acquisition of shares already issued to which voting rights are           
attached                                                                                
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                                                                 
                                                                                        
3. Full name of person(s) subject to the                    Henderson Global Investors  
notification obligation:iii                                           Limited           
                                                                                        
4. Full name of shareholder(s)                               Harewood Nominees Limited  
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                21 September 2010      
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                22 September 2010      
                                                                                        
7. Threshold(s) that is/are crossed or                                  5%              
reached: vi, vii                                                                        
                                                                                        


8. Notified details:                                                                                      
                                                                                                          
A: Voting rights attached to shares viii, ix                                                              
                                                                                                          
Class/type   Situation previous                   Resulting situation after the triggering transaction    
of           to the triggering                                                                            
shares       transaction                                                                                  
                                                                                                          
             Number                 Number        Number   Number of voting        % of  voting rights    
if possible  of                     of            of       rights                  x                      
using        Shares                 Voting        shares                                                  
the ISIN                            Rights                                                                
CODE                                              Direct   Direct xi Indirect xii  Direct   Indirect      
                                                                                                          
                                                                                                          
ORD GBP0.25                                                                                               
                                                                                                          
                   2,643,785        2,643,785     Below 5%             Below 5%               Below 5%    
                                                                                                          
GB0007816068                                                                                              
                                                                                                          
                                                                                                          
                                                                                                          
                                                                                                          
B: Qualifying Financial Instruments                                                                       
                                                                                                          
Resulting situation after the triggering transaction                                                      
                                                                                                          
Type of        Expiration            Exercise/              Number of voting             % of voting      
financial      date xiii             Conversion Period xiv  rights that may be           rights           
instrument                                                  acquired if the                               
                                                            instrument is                                 
                                                            exercised/ converted.                         
                                                                                                          
                                                                                                          
                                                                                                          
                                                                                                          
                                                                                                          
C: Financial Instruments with similar economic effect to Qualifying Financial                             
Instruments xv, xvi                                                                                       
                                                                                                          
Resulting situation after the triggering transaction                                                      
                                                                                                          
Type of       Exercise price        Expiration  Exercise/  Number of voting rights    % of voting         
financial                           date xvii   Conversion instrument refers to       rights xix, xx      
instrument                                      period                                                    
                                                xviii                                                     
                                                                                                          
                                                                                      Nominal Delta       
                                                                                                          
                                                                                                          
                                                                                                          
                                                                                                          
                                                                                                          
Total (A+B+C)                                                                                             
                                                                                                          
Number of voting rights                                  Percentage of voting rights                      
                                                                                                          
                                                                                                          
                                                                            Below 5%                      
                        Below 5%                                                                          
                                                                                                          

 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                           
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:                                                             
                                                                                        
14. Contact name:                                    Wayne Powell                       
                                                                                        
15. Contact telephone number:                       020 7818 5611                       
                                                                                        
                                Mark Pope, Frostrow Capital LLP, Company Secretary to   
                                  Finsbury Growth & Income Trust Plc (0203 008 4913)