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Fins Growth Inc Tst (FGT)

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Friday 09 September, 2005

Fins Growth Inc Tst

Issue of Equity

Finsbury Growth & Income Trust PLC
09 September 2005

                       FINSBURY GROWTH & INCOME TRUST PLC

                                9 September 2005

Allotment of Ordinary Shares

FINSBURY GROWTH & INCOME TRUST PLC (the 'Company') announces the allotment of
50,000 Ordinary shares of 25p each fully paid under its block listing facility.

These shares were issued today at a price of 257.75p per share, which equates to
a premium to the estimated net asset value at the time of transaction of 1.5%.

The net asset value per Ordinary share at the close of business on 8 September
2005 was 254.05p per share.

The total issued share capital of the Company is now 44,748,643 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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