Cancel.of Pref. Shares-Rplcmt

Finsbury Growth Trust PLC
31 March 2000

The issuer has made the following amendment to the 'Cancellation of Preference
Shares' announcement released today at 07:01 under RNS No 2465I.

Shareholders must be on the register of members by 5.00pm on 24 March 2000 and
not 31 March 2000 as previously stated.

All other details remain unchanged.

The full corrected version is shown below.
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                      CANCELLATION OF PREFERENCE SHARES

Finsbury Growth Trust PLC announces that the Court of Session, Edinburgh has
today approved the cancellation at par of all 225,000 of the Company's 5.0%
cumulative preference shares of £1 each ('Preference Shares'). It is expected
that formal cancellation of the Preference Shares will take place on 31 March
2000.

Subject to the formal cancellation of the Preference Shares, repayment will take
place on 31 March 2000.

In order to qualify for the repayment, shareholders must be on the register of
members by 5.00pm on 24 March 2000.


For further information, please contact:

David Fallon
Finsbury Asset Management
020 7426 6235