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Fins Growth Inc Tst (FGT)

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Friday 23 July, 2004

Fins Growth Inc Tst

Treasury Stock

Finsbury Growth & Income Trust PLC
23 July 2004

NEWS RELEASE

                                                                    23 July 2004





                     FINSBURY GROWTH & INCOME TRUST PLC

                                (the 'Company')

                   SALE OF COMPANY'S OWN SHARES FROM TREASURY


Notification is given pursuant to the authority granted at the Extraordinary
General Meeting of the Company held on 10 May 2004 to sell shares held by the
Company as treasury shares up to an aggregate nominal value of £485,705, or, if
less, the number representing 5 per cent. of the issued ordinary share capital
of the Company.



That, a market total of 50,000 Ordinary shares of 25p each were sold by the
Company on 23 July 2004 from the shares held in treasury at a price of 179.75p
per share which equates to a discount to net asset value at the time of sale of
3.75%.



The resultant total number of Ordinary shares held in treasury by the Company is
3,095,000.  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 sale, is 35,361,430.





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 Lago

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