Notice of Intention to convene a General Meeting

NEWS RELEASE

19 June 2014

                      Finsbury Growth & Income Trust PLC                       

                                (the `Company')                                

Since the Company's Annual General Meeting (`AGM') held on Wednesday, 29
January 2014, its Ordinary Shares (`Shares') have consistently traded close to
the Net Asset Value per Share. This has enabled the Directors to use the
authority granted to them at the AGM to issue a further 6,333,655 Shares.

The Company announces that the authority granted in January 2014 has been
almost fully utilised and that it has taken the steps necessary to enable it to
continue to issue further Shares.

The Company intends to convene a General Meeting to propose resolutions to seek
further authority to allot Shares and to disapply pre-emption rights in respect
of the issue of such Shares. If granted, such authority would enable the Board
to continue the policy of issuing new Shares into the market at a premium to
the cum income NAV per Share when demand arises.

For further information please Contact:

Victoria Hale
Frostrow Capital LLP, Company Secretary
Telephone: [phone]