Issue of Equity

Finsbury Growth & Income Trust PLC
11 October 2006


                    FINSBURY GROWTH & INCOME TRUST PLC

                                11 October 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 302.25p per share, which equates to
a premium to the estimated net asset value at the time of transaction of 1.51%.



The net asset value per Ordinary share at the close of business on 10 October
2006 was 297.35p per share.



The total issued share capital of the Company is now 49,803,173 Ordinary shares
of 25p each.




                                    - Ends -



Enquiries:



Tracey Lago                 Close Investments Limited            020 7426 6219


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