Issue of Equity

Finsbury Growth & Income Trust PLC
19 June 2006


                      FINSBURY GROWTH & INCOME TRUST PLC

                                  19 June 2006


Allotment of Ordinary Shares


FINSBURY GROWTH & INCOME TRUST PLC (the 'Company') announces the allotment of
75,000 Ordinary shares of 25p each fully paid under its block listing facility.

These shares were issued today at a price of 276.5p 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 16 June 2006
was 271.59p per share.

The total issued share capital of the Company is now 48,786,573 Ordinary shares
of 25p each.

                                    - Ends -


Enquiries:

Alastair Smith         Close Finsbury Asset Management Ltd       020 7426 6240
Mark Pope              Close Finsbury Asset Management Ltd       020 7426 6294


                      This information is provided by RNS
            The company news service from the London Stock Exchange