Issue of Equity

Finsbury Growth & Income Trust PLC
31 August 2006

FINSBURY GROWTH & INCOME TRUST PLC
ISSUE OF NEW SECURITIES                                         31 August 2006



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 new
                                          Ordinary Shares    Ordinary Share (p)
                                                issued

9 August 2006                                  150,000               282.50
23 August 2006                                  50,000               288.50
31 August 2006                                  25,000               290.00



Total number of new Ordinary Shares 
issued under the Prospectus since 
29 March 2006                                   225,000


Previously disclosed number of new Ordinary 
Shares issued under the Prospectus              700,000


Total number of new Ordinary Shares issued 
under Prospectus                                925,000



Enquiries:

Tracey Lago
Close Finsbury Asset Management Limited, Secretary
Tel. [phone]


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