Issue of Equity

28 February 2007

FINSBURY GROWTH & INCOME TRUST PLC

ISSUE OF NEW SECURITIES

In accordance with paragraph 2.3.2(2) of the Prospectus Rules of the Financial
Services Authority, Finsbury Growth & Income Trust PLC discloses the following
issues under its prospectus dated 29 March 2006 (the "Prospectus") of new
Ordinary Shares of 25p each:

Issue date                                      Number of new  Issue price per 
                                               Ordinary Shares   new Ordinary  
                                                   issued         Share (p)    
                                                                               
9 February 2007                                    50,000          330.57p     
                                                                               
27 February 2007                                   60,000          326.50p     
                                                                               
Total number of new Ordinary Shares issued         110,000                     
under the Prospectus since 1 February 2007                                     
                                                                               
Previously disclosed number of new Ordinary       3,050,850                    
Shares issued under the Prospectus                                             
                                                                               
Total number of new Ordinary Shares issued        3,160,850                    
under Prospectus dated 29 March 2006                                           

Enquiries:

Tracey Lago

Close Investments Limited, Secretary

Tel. [phone]