Interim Management Statement

FINSBURY GROWTH & INCOME TRUST PLC                       

    Interim Management Statement - three months to 30 June 2013 (unaudited)    

Finsbury Growth & Income Trust PLC invests principally in the securities of UK 
listed companies with the objective of achieving capital and income growth and
providing a total return in excess of that of the FTSE All-Share Index. A
maximum of 20% of the Company's portfolio, at the time of acquisition, can be
invested in quoted companies worldwide.

In the 3 month period ended 30 June 2013 the Company's net asset value total
return was -0.8% and the share price total return was -0.3%. These results
compare to the total return from the FTSE All-Share Index, the Company's
benchmark, of -1.7% over the same period. Post period end, to 7 August 2013 the
Company's net asset value total return was 9.4% and the share price total
return was 8.3%. The total return from the benchmark index was 5.6%.

The Company paid a first interim dividend of 4.8p per share (first interim
dividend 2012: 4.6p per share) on 2 May 2013 in respect the year ending 30
September 2013.

During the 3 month period the Company issued 3,630,338 new shares at a premium
to the Company's cum income net asset value per share prevailing at the time of
their issue raising £16.5m. Following the period end, to 7 August 2013, the
Company has issued a further 1,945,000 new shares at a premium to the Company's
cum income net asset value per share prevailing at the time of their issue
raising a further £9.3m. As at 7 August 2013 the Company 81,561,557 shares in
issue.

Due to the number of shares issued, the Directors convened a General Meeting,
on 30 July 2013, at which shareholder permission was obtained to enable the
Board to continue the policy of issuing new shares into the market at a premium
to the cum income NAV per share when demand arose. Resolutions empowering the
Directors to allot equity new shares to an amount equal to approximately 10% of
the issued share capital of the Company and a to disapply pre-emption rights in
respect of any such issuance were duly passed.

The Board was deeply saddened to have to announce the death of their colleague
Mr Giles Warman, who died suddenly on Friday 24 May 2013.

Trust Characteristics

                                  30 June 2013        31 March 2013            
                                                                               
Number of holdings                26                  26                       
                                                                               
Net assets (£m)                   359.3               346.6                    
                                                                               
Net yield                         2.2%                2.1%                     
                                                                               
Gearing (AIC basis)               5%                  5%                       
                                                                               
Share price (p)                   458.00              464.00                   
                                                                               
NAV (p) per share                 447.71              456.18                   
                                                                               
Premium of share price to NAV per 2.3%                1.7%                     
share                                                                          

Source: Frostrow Capital LLP

Sector Analysis

                          % of                       % of                      
                                                                               
                          investment portfolio       investment portfolio      
                                                                               
                          at 30 June 2013            at 31 March 2013          
                                                                               
Financials                19.6                       18.6                      
                                                                               
Consumer Services         30.9                       29.8                      
                                                                               
Consumer Goods            40.6                       42.9                      
                                                                               
Technology                8.9                        8.7                       
                                                                               
Total                     100.0                      100.0                     

Source: Frostrow Capital LLP

Portfolio

Name                            % of                    % of                   
                                                                               
                                investment portfolio    investment portfolio   
                                                                               
                                at 30 June 2013         at 31 March 2013       
                                                                               
Unilever                        9.6                     9.7                    
                                                                               
Diageo                          9.1                     10.0                   
                                                                               
Heineken Holdings (A Shares)*   7.5                     8.6                    
                                                                               
Pearson                         7.3                     6.6                    
                                                                               
A.G Barr                        5.8                     6.5                    
                                                                               
Schroders                       5.5                     5.1                    
                                                                               
Daily Mail & General Trust (A   5.3                     4.7                    
Shares)                                                                        
                                                                               
Fidessa                         5.1                     4.7                    
                                                                               
London Stock Exchange           4.9                     4.5                    
                                                                               
Reed Elsevier                   4.6                     4.6                    
                                                                               
Top 10 Investments              64.7                    65.0                   
                                                                               
Rathbone Brothers               4.4                     4.1                    
                                                                               
Hargreaves Lansdown             3.9                     3.9                    
                                                                               
Sage Group                      3.8                     4.0                    
                                                                               
Greene King                     3.8                     3.3                    
                                                                               
Burberry Group                  2.7                     2.6                    
                                                                               
Euromoney Institutional         2.6                     2.4                    
Investor                                                                       
                                2.3                     2.4                    
Thomson Reuters~                                                               
                                2.2                     2.2                    
Mondelez^                                                                      
                                2.1                     2.0                    
Dr Pepper Snapple^                                                             
                                1.7                     1.5                    
Fuller Smith & Turner                                                          
                                94.2                    93.4                   
Top 20 Investments                                                             
                                1.6                     2.4                    
Marston's                                                                      
                                1.5                     1.4                    
Kraft Foods Group^                                                             
                                1.5                     1.6                    
Young & Co's Brewery                                                           
(non-voting)                    0.8                     0.8                    
                                                                               
The Lindsell Train Investment   0.3                     0.3                    
Trust                                                                          
                                0.1                     0.1                    
Celtic                                                                         
                                0.0                     0.0                    
Frostrow Capital LLP+                                                          
                                100.0                   100.0                  
Celtic 6% (cum preference)**                                                   
                                                                               
Total Investments                                                              

Source: Frostrow Capital LLP

* Listed in the Netherlands

^ Listed in the United States

~ Listed in Canada

** Non-Equity - Preference Shares

+ Unquoted Partnership Interest

Total Return Performance % (to 30 June 2013)

                3 Months        Calendar        1 Year          3 Years        
                                                                               
                                Year to date                                   
                                                                               
Share Price     -0.3            +18.1           +34.2           +82.7          
                                                                               
NAV per share   -0.8            +16.9           +32.3           +80.1          
                                                                               
Benchmark*      -1.7            +8.5            +17.9           +43.5          

Source: Morningstar

* Index source: FTSE International Limited (FTSE") © FTSE 2012

- FTSE All-Share Index measured on a total return basis.

Past performance is not a guide to future performance.

This Interim Management Statement has been prepared solely to provide
information to meet the requirements of the UK Listing Authority's Disclosure
and Transparency Rules.

This Interim Management Statement is available on the Company's website 
www.finsburygt.com.

The Company's Net Asset Value per share is announced daily and is available,
together with the share price, on the TrustNet website at www.trustnet.com

SEDOL Code:

Ordinary Shares - 0781606

ISIN -

Ordinary Shares GB0007816068

Bloomberg - FGT LN

Epic - FGT

For further information contact:

Mark Pope on 0203 008 4913

Frostrow Capital LLP

Company Secretary

8 August 2013