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Fins Growth Inc Tst (FGT)

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Tuesday 25 October, 2005

Fins Growth Inc Tst

Issue of Equity

Finsbury Growth & Income Trust PLC
25 October 2005



                         FINSBURY GROWTH & INCOME TRUST PLC

                                25 October 2005


Allotment of Ordinary Shares


FINSBURY GROWTH & INCOME TRUST PLC (the 'Company') announces the allotment of
75,000 Ordinary shares of 25p each fully paid under its block listing facility.

These shares were issued today at a price of 249.0p 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 24 October
2005 was 245.77p  per share.

The total issued share capital of the Company is now 45,573,643 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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