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Fins Growth Inc Tst (FGT)

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Thursday 20 April, 2006

Fins Growth Inc Tst

Issue of Equity

Finsbury Growth & Income Trust PLC
20 April 2006


                       FINSBURY GROWTH & INCOME TRUST PLC

                                 20 April 2006

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 295.5p 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 19 April 2006
was 290.19p per share.

The total issued share capital of the Company is now 48,511,573 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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