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Fins Growth Inc Tst (FGT)

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Thursday 06 October, 2005

Fins Growth Inc Tst

Issue of Equity

Finsbury Growth & Income Trust PLC
06 October 2005


                       FINSBURY GROWTH & INCOME TRUST PLC

                                 6 October 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 256.25p per share, which equates to
a premium to the estimated net asset value at the time of transaction of 2.09%.

The net asset value per Ordinary share at the close of business on 5 October
2005 was 253.86p  per share.

The total issued share capital of the Company is now 45,073,643 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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