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Fins Growth Inc Tst (FGT)

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Thursday 13 July, 2006

Fins Growth Inc Tst

Issue of Equity

Finsbury Growth & Income Trust PLC
13 July 2006


                       FINSBURY GROWTH & INCOME TRUST PLC

                                 13 July 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 275p per share, which equates to a
premium to the estimated net asset value at the time of transaction of 1.52%.

The net asset value per Ordinary share at the close of business on 12 July 2006
was 274.09p per share.

The total issued share capital of the Company is now 48,886,573 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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