Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC                       

                         Allotment of Ordinary Shares                          

On 7 May 2013 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted from
its blocklisting authority of 18 December 2012 50,000 new Ordinary shares of
25p each at a price of 461.25 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 815,338
ordinary shares under its block listing facility.

As a result of this allotment, the total number of ordinary shares in issue now
stands at 77,851,219 and the total number of voting rights in the Company is
77,851,219. There are no shares held in treasury.

The above figure of 77,851,219 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 FSA's
Disclosure and Transparency Rules.

Enquiries:

Mark Pope
Frostrow Capital LLP
Tel: [phone]