Directorate Change

30 January 2008

              FINSBURY GROWTH & INCOME TRUST PLC (the "Company")               

                             Retirement of Director                             

Following the conclusion of today's Annual General Meeting, it is announced
that Mr Michael Reeve has retired as a Director of the Company with effect from
today's date.

                                    - ENDS-                                    

For further information please contact:

Mark Pope       Frostrow Capital LLP                         020 3 008 4913