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Fins Growth Inc Tst (FGT)

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Thursday 20 October, 2005

Fins Growth Inc Tst

Issue of Equity

Finsbury Growth & Income Trust PLC
20 October 2005


                        FINSBURY GROWTH & INCOME TRUST PLC

                                20 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 249.5p 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 19 October
2005 was 243.96p  per share.

The total issued share capital of the Company is now 45,348,643 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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