Investment Policy

Finsbury Growth Trust PLC
30 October 2003

Finsbury Growth Trust PLC

Statement of Investment Policy

Further to the recent publication of the Investment Entities (Listing Rules and
Conduct of Business) Instrument 2003. The Board of Finsbury Growth Trust PLC
(the 'Company') announces that it is the Company's policy to invest no more than
15% of its gross assets in other listed investment companies (including listed
investment trusts).

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For further information please contact:


Tracey Gower, Company Secretary
Close Finsbury Asset Management Limited
Telephone [phone]



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