Issue of Equity

Finsbury Growth & Income Trust PLC
21 February 2006



                          FINSBURY GROWTH & INCOME TRUST PLC

                                21 February 2006



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 292.25p per share, which equates to
a premium to the estimated net asset value at the time of transaction of 1.59%.


The net asset value per Ordinary share at the close of business on 20 February
2006 was 286.89p per share.



The total issued share capital of the Company is now 47,731,573 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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