Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC                       

                         Allotment of Ordinary Shares                          

On 12 June 2013 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted
from its blocklisting authority of 18 December 2012 85,338 new Ordinary shares
of 25p each at a price of 455.75 pence per share; these shares rank pari passu
with the existing Ordinary shares in issue. The issue price equates to a
premium to the ex 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's blocklisting authority of 18 December 2012
has been exhausted. The Company has today made a block listing application to
the UK Listing Authority in respect of 7,607,881 ordinary shares of 25p each to
be admitted to the Official List and to the London Stock Exchange for the
shares to be admitted to trading on its main market. Shares issued under the
block listing will be used to satisfy demand that cannot be met through the
secondary market. The blocklisting is expected to become effective at 8:00 a.m.
on Monday, 17 June 2013

As a result of this allotment, the total number of ordinary shares in issue now
stands at 78,666,557 and the total number of voting rights in the Company is
78,666,557. There are no shares held in treasury.

The above figure of 78,666,557 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 and Transparency Rules.

Enquiries:

Mark Pope
Frostrow Capital LLP
Tel: [phone]