Publication of Supplementary Prospectus

NEWS RELEASE

                                                               19 December 2011

Finsbury Growth & Income Trust PLC

Publication of supplementary prospectus

Finsbury Growth & Income Trust PLC (the 'Company') has today published a
supplementary prospectus which is supplemental to, and should be read in
conjunction with, the Prospectus published on 12 December 2011 (the
'Prospectus') in connection with the placing of up to 40,000,000 shares.

The supplementary prospectus is required following announcement of the
Company's final results for the financial year ended 30 September 2011, which
constitute a significant new factor relating to information included in the
Prospectus.

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.

Enquiries:

Mark Pope, Frostrow Capital LLP: 020 3008 4913

Jane Lewis, Winterflood Investment Trusts: 020 3100 0295