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Fins Growth Inc Tst (FGT)

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Thursday 23 December, 2004

Fins Growth Inc Tst

Transaction in Own Shares

Finsbury Growth & Income Trust PLC
23 December 2004

                                                                    NEWS RELEASE
                                                                23 December 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 14 October 2004 to sell shares held by
the Company as treasury shares up to an aggregate nominal value of £912,106, or,
if less, the number representing 10 per cent. of the issued ordinary share
capital of the Company.

That, a market total of 250,000 Ordinary shares of 25p each were sold by the
Company on 23 December 2004 from the shares held in treasury at a price of
219.50p per share which equates to an estimated discount to net asset value at
the time of sale of 3.0%.

The resultant total number of Ordinary shares held in treasury by the Company is
247,178.  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 38,209,252.


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