Issue of Equity

Finsbury Growth & Income Trust PLC
10 July 2006

          
                       FINSBURY GROWTH & INCOME TRUST PLC

                                  10 July 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 280p per share, which equates to a
premium to the estimated net asset value at the time of transaction of 1.52%.

The net asset value per Ordinary share at the close of business on 7 July 2006
was 275.21p per share.

The total issued share capital of the Company is now 48,836,573 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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