Issue of Equity

Finsbury Growth & Income Trust PLC
10 October 2006

                                                                 10 October 2006


FINSBURY GROWTH & INCOME TRUST PLC
ISSUE OF NEW SECURITIES AS AT 30 SEPTEMBER 2006



In accordance with paragraph 2.3.2(2) of the Prospectus Rules of the Financial
Services Authority, Finsbury Growth & Income Trust PLC discloses the following
issues under its prospectus dated 29 March 2006 (the 'Prospectus') of new
Ordinary Shares of 25p each:


Issue date                                                        Number of new    Issue price per new
                                                                 Ordinary Shares    Ordinary Share (p)
                                                                     issued
12 September 2006                                                    75,000               292.0
18 September 2006                                                    50,000               297.0



Total number of new Ordinary Shares issued under the
Prospectus since 29 March 2006                                      125,000


Previously disclosed number of new Ordinary Shares issued
under the Prospectus                                                925,000


Total number of new Ordinary Shares issued under Prospectus       1,050,000



Enquiries:

Tracey Lago
Close Investments Limited, Secretary
Tel. [phone]


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