Publication of Prospectus

NEWS RELEASE

                                                               12 December 2011

Finsbury Growth & Income Trust PLC

Publication of prospectus

Further to the Resolutions passed at the General Meeting on 8 December 2011
giving the Directors authority to allot new Shares and disapply pre-emption
rights in respect of the issue of such new Shares, the Company is pleased to
announce the publication today of a Prospectus to obtain Admission to the
Official List of any Shares issued pursuant to the authority conferred by the
Resolutions.

A copy of the Prospectus has been submitted to the National Storage Mechanism
and will shortly be available for inspection at www.hemscott.com/nsm.do

The Prospectus will also be available shortly on the Company's website,
www.finsburygt.com

A copy of the Prospectus can be viewed at the offices of Frostrow Capital LLP,
25 Southampton Buildings, London WC2A 1AL.

Applications have been made to the UKLA for the block listing of 5,824,216 new
Ordinary Shares on the Official List and to the London Stock Exchange for the
admission to trading on the main market for listed securities.

Enquiries:

Mark Pope, Frostrow Capital LLP: 020 3008 4913

Jane Lewis, Winterflood Investment Trusts: 020 3100 0295