Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC                       

                         Allotment of Ordinary Shares                          

On 9 October 2014 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted
from its block listing authority of 23 July 2014 80,000 new Ordinary shares of
25p each at a price of 492.50 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%. A
second interim dividend of 6.2 pence per share has been declared in respect of
the year ending 30 September 2014. The dividend will be paid on 10 November
2014 to shareholders on the register on 10 October 2014. The associated
ex-dividend date is 9 October 2014.

Following this issue, the Company has the ability to issue a further 9,256,501
ordinary shares under its blocklisting facility.

As a result of this allotment, the total number of ordinary shares in issue now
stands at 98,260,212 and the total number of voting rights in the Company is
98,260,212. There are no shares held in treasury.

The above figure of 98,260,212 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:

Victoria Hale
Frostrow Capital LLP
Tel: [phone]