Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC                       

                               13 November 2006                                

Allotment of Ordinary Shares

FINSBURY GROWTH & INCOME TRUST PLC (the "Company") announces the allotment of
50,000 Ordinary shares of 25p each fully paid under its block listing facility.

These shares were issued today at a price of 311.00p per share, which equates
to a premium to the estimated net asset value at the time of transaction of
1.5%.

The net asset value per Ordinary share at the close of business on 10 November
2006 was 306.36p per share.

The total issued share capital of the Company is now 49,853,173 Ordinary shares
of 25p each.

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Enquiries:

Tracey Lago Close Investments Limited 020 7426 6219