Issue of Equity

Finsbury Growth & Income Trust PLC
18 September 2006




FINSBURY GROWTH & INCOME TRUST PLC                             18 September 2006



Allotment of Ordinary Shares


FINSBURY GROWTH & INCOME TRUST PLC (the 'Company') announces the allotment of
50,000 Ordinary shares of 25p each fully paid under its block listing facility.

These shares were issued today at a price of 297.0p per share, which equates to
a premium to the estimated net asset value at the time of transaction of 1.5%.

The net asset value per Ordinary share at the close of business on 15 September
2006 was 291.04p per share.

The total issued share capital of the Company is now 49,236,573 Ordinary shares
of 25p each.



                                    - Ends -


Enquiries:

Alastair Smith          Close Finsbury Asset Management Ltd       020 7426 6240

Tracey Lago             Close Finsbury Asset Management Ltd       020 7426 6219



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