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Finsbury Growth Tst. (FGT)

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Tuesday 04 May, 2004

Finsbury Growth Tst.

Transaction in Own Shares

Finsbury Growth Trust PLC
04 May 2004

                                                                    NEWS RELEASE
                                                                      4 May 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 400,000 ordinary shares of 25p each in the capital of the
Company was purchased by the Company today at a price of 183.00p per share for
cancellation.

The total number of ordinary shares held in treasury by the Company is 3,575,000
and the total number of ordinary shares repurchased for cancellation is 400,000.
  The number of ordinary shares that the Company has in issue, less the total
number of ordinary shares repurchased for cancellation and held by the Company
in treasury following such purchase, is 34,881,430.


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: 020 7426 6240

Tracey Gower
Close Finsbury Asset Management Limited
Tel: 020 7426 6219

Nick Train
Lindsell Train Limited
Tel: 020 7225 6411


                      This information is provided by RNS
            The company news service from the London Stock Exchange