Issue of Equity

Finsbury Growth & Income Trust PLC
06 October 2006




                          FINSBURY GROWTH & INCOME TRUST PLC

                                 6 October 2006


Allotment of Ordinary Shares


FINSBURY GROWTH & INCOME TRUST PLC (the 'Company') announces the allotment of
35,000 Ordinary shares of 25p each fully paid under its block listing facility.

These shares were issued today at a price of 302.0p per share, which equates to
a premium to the estimated net asset value at the time of transaction of 2.0%.

The net asset value per Ordinary share at the close of business on 5 October
2006 was 296.01p per share.

The total issued share capital of the Company is now 49,271,573 Ordinary shares
of 25p each.


                                    - Ends -

Enquiries:

Tracey Lago          Close Investments Limited         020 7426 6219




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