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Finsbury Growth Tst. (FGT)

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Thursday 30 October, 2003

Finsbury Growth Tst.

Intention to Propose Dividend

Finsbury Growth Trust PLC
30 October 2003

                       Finsbury Growth Trust PLC
                           Proposed Dividend

The Company announces its intention to propose at the forthcoming annual general
meeting, a final dividend of 3.2p.  Such dividend will, if approved, become
payable in January 2004 and will make the total dividend for the year 2003 5.0p,
an increase of 33.3% from 2002 (3.75p).

                                    - end -

For further information please contact:

Tracey Gower, Company Secretary
Close Finsbury Asset Management Limited
Telephone 020 7426 6219

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            The company news service from the London Stock Exchange