Transaction in Own Shares

NEWS RELEASE

                                                                    26 May 2010

                      FINSBURY GROWTH & INCOME TRUST PLC                       

                                (the "Company")                                

                  SALE OF COMPANY'S OWN SHARES FROM TREASURY                   

This notification is given pursuant to the authority granted at the Annual
General Meeting of the Company held on 27 January 2010 to sell shares held by
the Company as treasury shares up to an aggregate nominal value of £1,258,472,
representing 10 per cent. of the issued ordinary share capital of the Company.

The Company sold a market total of 803,011 Ordinary shares of 25p each on 26
May 2010 from the shares held in treasury at a price of 258.00p per share,
which equates to an estimated discount to net asset value at the time of sale
of 2.45%.

The Company no longer holds any Ordinary shares in treasury. The total number
of Ordinary shares that the Company has in issue is 52,797,423 and therefore
the total number of voting rights in the Company following such sale is
52,797,423.

For and on behalf of

Frostrow Capital LLP

Company Secretary

For further information, please contact:

Mark Pope

Frostrow Capital LLP

Tel: [phone]