Directorate Change

FINSBURY GROWTH & INCOME TRUSTPLC(the "Company")                

                          APPOINTMENT OF NEW DIRECTOR                          

Further to an announcement made on 11 December 2007, the Board of the Company
is delighted to announce the appointment of Mr Neil A Collins as a Director of
the Company.

Mr Collins was City Editor of The Daily Telegraph for nearly 20 years until he
retired from the position in 2005 and is a columnist for the London Evening
Standard. He attended Cambridge University where he obtained an Honours degree
in Mechanical Sciences. He is a Director of Templeton Emerging Markets
Investment Trust PLC.

There are no matters to be disclosed under listing rule 9.6.13.

For and on behalf of the Board

Frostrow Capital LLP

Company Secretary

30 January 2008

                                    - ENDS-                                    

For further information please contact:

Mark Pope       Frostrow Capital LLP                         020 3 008 4913