Renewal of Loan facility

NEWS RELEASE

                                                                21 October 2009

              FINSBURY GROWTH & INCOME TRUST PLC (the "COMPANY")               

                                 Loan Facility                                 

The Board announces that following the recent expiry of its £15m committed one
year loan facility, the Company has successfully secured a replacement 364-day
revolving facility at an interest rate of LIBOR plus 1.5%. £13.5m has been
drawn down against this facility.

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For further information please contact:

Mark Pope, Company Secretary

Frostrow Capital LLP

Telephone [phone]