Net Asset Value(s)

FINSBURY GROWTH & INCOME TRUST PLC

NET ASSET VALUE

Undiluted

The estimated un-audited net asset value, calculated in accordance with the
guidelines of the Association of Investment Companies, for Finsbury Growth &
Income Trust PLC at the close of business on 23 January 2009 was 180.02p (ex
income) 181.87p (cum income).

Fully Diluted

The estimated un-audited net asset value, assuming the reissue of all of the
2,003,750 shares currently held in treasury, at the closing mid-market share
price on 23 January 2009 was 179.94p(ex income) 181.72p (cum income).

For and on behalf of the Board

Frostrow Capital LLP

Secretary

26 January 2009