Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC                       

                         Allotment of Ordinary Shares                          

On 5 February 2013 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted
300,000 Ordinary shares of 25p each, which rank pari passu with the existing
shares in issue from the Company's block listing authority of 18 December 2012,
at a price of 425.5 pence per share. 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 4,380,338 ordinary
shares under its blocklisting facility.

As a result of this allotment, the total number of ordinary shares in issue now
stands at 74,286,219 and the total number of voting rights in the Company is
74,286,219. There are no shares held in treasury.

The above figure of 74,286,219 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:

Victoria Streater

Frostrow Capital LLP

Tel: [phone]