Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC                       

                         Allotment of Ordinary Shares                          

On 3 February 2014 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted
from its block listing authority of 20 December 2013 33,655 new Ordinary shares
of 25p each at a price of 504.00 pence per share; these shares rank pari passu
with the existing Ordinary shares in issue. The issue price equates to a
premium to the cum income net asset value per share at the time of the
transaction of 0.7%, such premium including a placing commission of 0.2%.

Following this issue, the Company's block listing authority of 20 December 2013
has been exhausted. The Company has made an application to the UK Listing
Authority for a block listing for general business purposes of 8,431,501
ordinary shares to be admitted to the Official List and to the London Stock
Exchange for the shares to be admitted to trading on the main market. Shares
issued under the block listing will be used to satisfy demand that cannot be
met through the secondary market and also to raise further money for investment
in accordance with the Company's investment policy. The block listing is
expected to become effective at 8.00am on 4 February 2014.

As a result of this allotment, the total number of ordinary shares in issue now
stands at 89,085,212 and the total number of voting rights in the Company is
89,085,212. There are no shares held in treasury.

The above figure of 89,085,212 may be used by shareholders as the denominator
for the calculation by which they may determine if they are required to notify
their interest in, or change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.

Enquiries:

Mark Pope

Frostrow Capital LLP

Tel: [phone]