Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC

Allotment of Ordinary Shares

On 20 August 2015 FINSBURY GROWTH & INCOME TRUST PLC (the “Company”) allotted from its blocklisting authority of 26 January 2015 56,501 new Ordinary shares of 25p each and, in addition, 243,499 new Ordinary shares of 25p each from its blocklisting authority of 20 July 2015, at a price of 566.75 pence per share; these shares rank pari passu with the existing Ordinary shares in issue. The issue price equates to a premium to the 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 9,756,501 Ordinary shares under its blocklisting facility of 20 July 2015.

As a result of this allotment, the total number of ordinary shares in issue now stands at 117,760,212 and the total number of voting rights in the Company is 117,760,212. There are no shares held in treasury.

The above figure of 117,760,212 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]