Treasury Stock

NEWS RELEASE

                                                                25 January 2008

                      FINSBURY GROWTH & INCOME TRUST PLC                       

                                (the "Company")                                

                  SALE OF COMPANY'S OWN SHARES FROM TREASURY                   

Notification is given pursuant to the authority granted at the Annual General
Meeting of the Company held on 31 January 2007 to sell shares held by the
Company as treasury shares up to an aggregate nominal value of £1,319,935,
representing 10 per cent. of the issued ordinary share capital of the Company.

That, a market total of 642,396 Ordinary shares of 25p each were sold by the
Company on 25 January 2008 from the shares held in treasury at a price of
261.00p per share which equates to an estimated discount to net asset value at
the time of sale of 4.74%.

The resultant total number of Ordinary shares held in treasury by the Company
is nil. The number of Ordinary shares that the Company has in issue following
such sale is 52,797,423.

For and on behalf of

Frostrow Capital LLP

Company Secretary

For further information, please contact:

Mark Pope

Frostrow Capital LLP

Tel: [phone]