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Fins Growth Inc Tst (FGT)

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Monday 13 June, 2005

Fins Growth Inc Tst

Allotment of New Shares

Finsbury Growth & Income Trust PLC
13 June 2005


                       FINSBURY GROWTH & INCOME TRUST PLC

                                  13 June 2005


Allotment of Ordinary Shares


FINSBURY GROWTH & INCOME TRUST PLC (the 'Company') announces the allotment of
100,000 Ordinary shares of 25p each fully paid under its block listing facility.

These shares were issued today at a price of 249.00p per share, which equates to
a premium to the estimated net asset value at the time of transaction of 1.6%.

The net asset value per Ordinary share at the close of business on 10 June 2005
was 244.72p per share.

The total issued share capital of the Company is now 43,376,430 Ordinary shares
of 25p each.


                                   - Ends -

Enquiries:

Alastair Smith      Close Finsbury Asset Management Ltd       020 7426 6240
Tracey Lago         Close Finsbury Asset Management Ltd       020 7426 6219


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