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Fins Growth Inc Tst (FGT)

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Wednesday 06 April, 2005

Fins Growth Inc Tst

Result of EGM & Placing

Finsbury Growth & Income Trust PLC
06 April 2005



6 APRIL 2005

Further to the announcement by Finsbury Growth & Income Trust plc (the 
'Company') on 14 March 2005 relating to a placing of new Ordinary shares in the 
Company (the 'Placing'), the Board announces the following:

• all the resolutions at this morning's Extraordinary General Meeting
  to approve, inter alia, the Placing were passed;

• the issue price of new Ordinary shares under the placing is 238.84p,
  which represents a premium of 1.5% to the Company's net asset value per 
  Ordinary share (excluding accrued income) as at the close of business on 4 
  April 2005;

• the Placing was fully subscribed through the issue of 3,845,000 new
  Ordinary shares (equivalent to approximately 9.99% of the issued share 
  capital) and raised an aggregate of £9,183,398.

Applications have been made for the new Ordinary shares to be admitted to the UK
Listing Authority's Official List and to trading on the London Stock Exchange.
Dealings in the new Ordinary Shares are expected to commence on 11 April 2005.
Following the Placing, the Company will have 42,301,430 Ordinary shares in


Alastair Smith

Close Finsbury Asset Management Limited                       Tel: 020 7426 6240

Nathan Brown

Close Brothers Securities                                     Tel: 020 7621 5572


Close Brothers Securities, a division of Winterflood Securities Limited which is
authorised and regulated in the United Kingdom by the Financial Services
Authority, is acting for the Company in relation to the Placing and for no other
person and will not be responsible to any other person other than the Company
for providing the protections offered to customers of Close Brothers Securities
or for providing advice in relation to the Placing.

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