Death of director

Finsbury Growth & Income Trust PLC

30 May 2013

The Board of Finsbury Growth & Income Trust PLC is deeply sad to have to
announce the death of their colleague Mr Giles Warman, who died suddenly on
Friday 24 May 2013. Giles first joined the Board in 1989 when the company was
called Scottish Cities Investment Trust and capitalised at less than £30m. He
played a significant part in helping it grow to its current capitalisation of £
373m and took great pride in its success. His commitment to and enthusiasm for
the trust never wavered.

His fellow directors, Nick Train, our investment manager and the senior
management of Frostrow Capital all feel that they have not just lost a much
admired and respected colleague, but they have lost a very special man who was
a good friend to them all. We are devastated by his death and extend our
deepest sympathy to his wife and family.

                                    - ENDS-                                    

Enquiries:

Eleanor Cranmer, Frostrow Capital LLP

020 3008 4613