Issue of Equity

Finsbury Growth & Income Trust PLC
01 August 2006


FINSBURY GROWTH & INCOME TRUST PLC
ISSUE OF NEW SECURITIES                                     1 August 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 Ordinary Shares     Issue price per new Ordinary
                                         issued                            Share (p)

30 March 2006                            100,000                           3.000
10 April 2006                            150,000                           2.945
20 April 2006                            75,000                            2.955
27 April 2006                            50,000                            2.950
23 May 2006                              100,000                           2.750
16 June 2006                             50,000                            2.750
19 June 2006                             75,000                            2.765
10 July 2006                             50,000                            2.800
13 July 2006                             50,000                            2.750

Total number of new Ordinary Shares
issued under the Prospectus since 29
March 2006                              700,000

Previously disclosed number of new
Ordinary Shares issued the Prospectus   0

Total number of new Ordinary Shares
issued under Prospectus                 700,000

Enquiries:

Tracey Lago
Close Finsbury Asset Management Limited, Secretary
Tel. [phone]


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