Dividend Declaration

NEWS RELEASE

                                                              22 September 2011

                      FINSBURY GROWTH & INCOME TRUST PLC                       

                            Second Interim Dividend                            

The Board has declared a second interim dividend of 4.8p per share in respect
of the year ending 30 September 2011, such dividend will be paid on 4 November
2011 to shareholders on the register on 30 September 2011.

The Board does not intend to recommend a final dividend in respect of the year
ending 30 September 2011. The total dividend paid for the year will be 9.2p per
share (2010: 8.8p per share). The shares will go ex-dividend on 28 September
2011.

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For further information please contact:

Mark Pope, Company Secretary

Frostrow Capital LLP

Telephone [phone]