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Fins Growth Inc Tst (FGT)

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Thursday 31 August, 2006

Fins Growth Inc Tst

Issue of Equity

Finsbury Growth & Income Trust PLC
31 August 2006



                      FINSBURY GROWTH & INCOME TRUST PLC

                                31 August 2006


Allotment of Ordinary Shares


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

These shares were issued today at a price of 290.0p 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 30 August
2006 was 286.98p per share.

The total issued share capital of the Company is now 49,111,573 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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