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Fins Growth Inc Tst (FGT)

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Thursday 19 January, 2006

Fins Growth Inc Tst

Issue of Equity

Finsbury Growth & Income Trust PLC
19 January 2006


                      FINSBURY GROWTH & INCOME TRUST PLC

                                19 January 2006



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 279.0p per share, which equates to
a premium to the estimated net asset value at the time of transaction of 1.65%.

The net asset value per Ordinary share at the close of business on 18 January
2006 was 272.82p per share.

The total issued share capital of the Company is now 47,231,573 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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