Issue of Equity

2 January 2007

FINSBURY GROWTH & INCOME TRUST PLC

ISSUE OF NEW SECURITIES

In accordance with paragraph 2.3.2(2) of the Prospectus Rules of the Financial
Services Authority, Finsbury Growth & Income Trust PLC discloses the following
issues under its prospectus dated 29 March 2006 (the "Prospectus") of new
Ordinary Shares of 25p each:

Issue date                                      Number of new  Issue price per 
                                               Ordinary Shares   new Ordinary  
                                                   issued         Share (p)    
                                                                               
6 December 2006                                    75,000           312.50     
                                                                               
8 December 2006                                    570,000          313.45     
                                                                               
13 December 2006                                   50,000           316.50     
                                                                               
18 December 2006                                   50,000           321.22     
                                                                               
28 December 2006                                   50,000           323.75     
                                                                               
Total number of new Ordinary Shares issued         795,000                     
under the Prospectus since 1 December 2006                                     
                                                                               
Previously disclosed number of new Ordinary       1,855,850                    
Shares issued under the Prospectus                                             
                                                                               
Total number of new Ordinary Shares issued        2,650,850                    
under Prospectus dated 29 March 2006                                           

Enquiries:

Tracey Lago

Close Investments Limited, Secretary

Tel. [phone]