Issue of Equity

Finsbury Growth & Income Trust PLC
29 December 2005


                     FINSBURY GROWTH & INCOME TRUST PLC

                                29 December 2005



Allotment of Ordinary Shares


FINSBURY GROWTH & INCOME TRUST PLC (the 'Company') announces the allotment of
50,000 Ordinary shares of 25p each fully paid under its block listing facility.


These shares were issued today at a price of 275.0p per share, which equates to
a premium to the estimated net asset value at the time of transaction of 1.5%.


The net asset value per Ordinary share at the close of business on 28 December
2005 was 269.80p per share.


The total issued share capital of the Company is now 46,781,573 Ordinary shares
of 25p each.


                                    - Ends -

Enquiries:



Alastair Smith          Close Finsbury Asset Management Ltd       020 7426 6240

Tracey Lago             Close Finsbury Asset Management Ltd       020 7426 6219


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