Transaction in Own Shares

Finsbury Growth Trust PLC
02 April 2004

                                                           For immediate release

                                                                    2 April 2004




                           FINSBURY GROWTH TRUST PLC

                                (the 'Company')


                    MARKET PURCHASE OF COMPANY'S OWN SHARES

Notification is given pursuant to the authority granted at the Annual General
Meeting of the Company held on 27 January 2004 to make market purchases of the
Company's own shares up to an aggregate maximum of 5,824,579. That a market
total of 3,500,000* ordinary shares of 25p each in the capital of the Company
was purchased by the Company today at a price of 179.39p per share. Such shares
will be held by the Company as treasury shares.

*Included in the above purchased number are 1,441,610 Ordinary shares
repurchased from Hansa Trust PLC.

The total number of ordinary shares held by the Company in treasury following
the purchase and non-cancellation of ordinary shares is 3,500,000. The number of
ordinary shares that the Company has in issue, less the total number of ordinary
shares held by the Company in treasury following such purchase, is 35,356,430.


For and on behalf of

Close Finsbury Asset Management Limited

Company Secretary


For further information, please contact:


Alastair Smith

Close Finsbury Asset Management Limited

Tel: [phone]


Tracey Gower

Close Finsbury Asset Management Limited

Tel: [phone]


Nick Train

Lindsell Train Limited

Tel: [phone]


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