Re Directorate

Finsbury Growth Trust PLC
2 October 2000


Appointment and retirement of Directors

The Board of Finsbury Growth Trust PLC is pleased to announce that John Allard
and Vanessa Renwick were appointed Directors of the Company with effect from 1
October 2000.

John Allard, aged 54, is an equity income adviser and analyst at Dresdner
Kleinwort Benson, having previously been a fund manager with M&G for over 20
years.  He is a Director of Exeter Equity Growth & Income Fund Limited and
Framlington NetNet.Inc PLC.

Vanessa Renwick, 38, has over 15 years experience in the investment funds
industry having worked for Laing & Cruickshank and UBS Warburg.  She has
particular expertise in corporate finance and marketing.

Mr Johan Beckman and Dr Clark Brundin will retire as Directors following the
Annual General Meeting which will take place in 21 December 2000.

For and on behalf of Close Finsbury Asset Management Limited - Secretary


For further information, please contact:

Michael Reeve, Finsbury Growth Trust PLC               01359 240730
Fiona Harris, Quill Communications                     020 7618 8905