Issue of Equity - Replacement

This announcement replaces the announcement made on 11 December 2018, released
at 14:58, headed “Issue of Equity”. The announcement incorrectly stated the
number of shares left under the Company’s block listing facility as being
4,440,001 instead of 4,525,001 and the number of shares in issue, which have
voting rights, as 178,076,712 instead of 177,991,712. All other information
contained in the announcement was correct.

FINSBURY GROWTH & INCOME TRUST PLC

Legal Entity Identifier:  213800NN4ZKX2LG1GQ40

Issue of Ordinary Shares

On 11 December 2018 FINSBURY GROWTH & INCOME TRUST PLC (the “Company”) issued from its block listing authority of 3 July 2018 25,000 new Ordinary shares of 25p each at a price of 756.00 pence per share; these shares rank pari passu with the existing Ordinary shares in issue. The issue price equates to a premium to the cum income net asset value per share at the time of the transaction of 0.7%, such premium including a placing commission of 0.2%.

Following this issue, the Company has the ability to issue a further 4,525,001 ordinary shares under its block listing facility.

As a result of this issue, the total number of ordinary shares in issue now stands at 177,991,712 and the total number of voting rights in the Company is 177,991,712 There are no shares held in treasury.

The above figure of 177,991,712 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Enquiries:

Victoria Hale

Frostrow Capital LLP             

Tel: [phone]