Issue of Equity

Please be advised that this announcement was previously issued under the incorrect headline "Net Asset Value(s)"

FINSBURY GROWTH & INCOME TRUST PLC

Allotment of Ordinary Shares

On 16 December 2015 FINSBURY GROWTH & INCOME TRUST PLC (the “Company”) allotted from its block listing authority of 20 July 2015 25,000 new Ordinary shares of 25p each at a price of 575.00 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 a further 1,095,501 ordinary shares under its blocklisting facility.

As a result of this allotment, the total number of ordinary shares in issue now stands at 126,421,212 and the total number of voting rights in the Company is 126,421,212. There are no shares held in treasury.

The above figure of 126,421,212 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:

Katherine Manson      

Frostrow Capital LLP             

Tel: [phone]