Holding(s) in Company

For filings with the FSA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        
                                                                                        
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                                      
of existing shares to which voting rights are                                           
attached:ii                                                        Finsbury Growth &    
                                                                Income Trust            
                                                                                        
2 Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                        X    
                                                                                        
An acquisition or disposal of qualifying financial instruments which may                
result in the acquisition of shares already issued to which voting rights are           
attached                                                                                
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                                                                 
                                                                                        
3. Full name of person(s) subject to the                   Rensburg Sheppards Investment
notification obligation:iii                                     Management Limited      
                                                                                        
4. Full name of shareholder(s)                                          N/A             
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                           24th August 2010       
which the threshold is crossed or                                                       
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                25th August 2010       
                                                                                        
7. Threshold(s) that is/are crossed or                                  5%              
reached: vi, vii                                                                        
                                                                                        

8. Notified details:                                                                                   
                                                                                                       
A: Voting rights attached to shares viii, ix                                                           
                                                                                                       
Class/type   Situation previous                   Resulting situation after the triggering transaction 
of           to the triggering                                                                         
shares       transaction                                                                               
                                                                                                       
             Number                 Number        Number   Number of voting        % of  voting rights 
if possible  of                     of            of       rights                  x                   
using        Shares                 Voting        shares                                               
the ISIN                            Rights                                                             
CODE                                              Direct   Direct xi Indirect xii  Direct  Indirect    
                                                                                                       
                                                                                                       
                                                                                                       
                                                                                                       
             4,197,159              4,197,159                        3,007,996             5.68%       
Ordinary                                                                                               
Shares                                                                                                 
                                                                                                       
GB0007816068                                                                                           
                                                                                                       
                                                                                                       
B: Qualifying Financial Instruments                                                                    
                                                                                                       
Resulting situation after the triggering transaction                                                   
                                                                                                       
Type of        Expiration            Exercise/              Number of voting             % of voting   
financial      date xiii             Conversion Period xiv  rights that may be           rights        
instrument                                                  acquired if the                            
                                                            instrument is                              
                                                            exercised/ converted.                      
                                                                                                       
                                                                                                        
                                                                                                       
                                                                                                       
C: Financial Instruments with similar economic effect to Qualifying Financial                          
Instruments xv, xvi                                                                                    
                                                                                                       
Resulting situation after the triggering transaction                                                   
                                                                                                       
Type of       Exercise price        Expiration  Exercise/  Number of voting rights    % of voting      
financial                           date xvii   Conversion instrument refers to       rights xix, xx   
instrument                                      period                                                 
                                                xviii                                                  
                                                                                                       
                                                                                      Nominal Delta      
                                                                                                       

                                                                                                       
                                                                                                       
Total (A+B+C)                                                                                          
                                                                                                       
Number of voting rights                                  Percentage of voting rights                   
                                                                                                       
3,007,996                                                5.68%                                         


9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
Client holdings registered in the name of Nominee companies 100% owned by               
Rensburg Sheppards Investment Management Limited.                                       
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
                                                                                        
10. Name of the proxy holder:                                                           
                                                                             N/A        
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                             N/A        
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                             N/A        
                                                                                        
                                                                                             
                                                                                        
13. Additional information:                                                             
                                                                           N/A          
                                                                                        
                                                                                        
14. Contact name:                                                                       
                                                                           N/A          
                                                                                        
                                                                                        
15. Contact telephone number:                                                           
                                                                           N/A          


Note: Annex should only be submitted to the FSA not the issuer                          
                                                                                        
Annex: Notification of major interests in sharesxxii                                    
                                                                                        
                                                                                        
                                                                                        
A: Identity of the persons or legal entity subject to the notification                  
obligation                                                                              
                                                                                        
Full name                                                  Rensburg Sheppards Investment
                                                           Management Limited           
(including legal form of legal entities)                                                
                                                                                        
                                                                                        
                                                                                        
Contact address                                            Quayside House               
                                                                                        
(registered office for legal entities)                     Canal Wharf                  
                                                                                        
                                                           Leeds LS11 5PU               
                                                                                        
Phone number & email                                       0113 236 4171                
                                                                                        
                                                           [e-mail]        
                                                                                        
Other useful information                                   Mike Rigby                   
                                                                                        
(at least legal representative for legal persons)          (Head of Compliance)         
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
B: Identity of the notifier, if applicable                                              
                                                                                        
Full name                                                  Philip Martin Beardwell      
                                                                                        
                                                                                        
                                                                                        
Contact address                                            2 Gresham Street             
                                                                                        
                                                           London                       
                                                                                        
                                                           EC2V 7QN                     
                                                                                        
Phone number & email                                       020 7597 1356                
                                                                                        
                                                           [e-mail]    
                                                                                        
Other useful information                                   Senior Compliance Manager    
                                                                                        
(e.g. functional relationship with the person or legal                                  
entity subject to the notification obligation)                                          
                                                                                        
                                                                                        
                                                                                        
C: Additional information                                                               
                                                                                        
Mark Pope, Frostrow Capital LLP, Company Secretary (0203 008 4913)