Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC                       

                         Allotment of Ordinary Shares                          

On 12 December 2013 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted
from its blocklisting authority of 17 June 2013 22,881 new Ordinary shares of
25p each and, in addition, 177,119 new Ordinary shares of 25p each from its
blocklisting authority of 10 December 2013, at a price of 493.50 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 822,881 Ordinary
shares under its blocklisting facility 10 December 2013.

As a result of this allotment, the total number of ordinary shares in issue now
stands at 86,451,557 and the total number of voting rights in the Company is
86,451,557. There are no shares held in treasury.

The above figure of 86,451,557 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]