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Fins Growth Inc Tst (FGT)

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Tuesday 30 January, 2007

Fins Growth Inc Tst

Issue of Equity

                      FINSBURY GROWTH & INCOME TRUST PLC                       

                                30 January 2007                                

Allotment of Ordinary Shares

FINSBURY GROWTH & INCOME TRUST PLC (the "Company") announces the allotment of
50,000 Ordinary shares of 25p each fully paid issued under its block listing

These shares were issued today at a price of 323.0p 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 29 January
2007 was 318.19p per share.

The total issued share capital of the Company is now 51,137,423 Ordinary shares
of 25p each.


Tracey Lago

Close Investments Limited

Tel: 020 7426 6219