Issue of Equity

Finsbury Growth & Income Trust PLC
22 November 2005


                      FINSBURY GROWTH & INCOME TRUST PLC

                                22 November 2005

Allotment of Ordinary Shares

FINSBURY GROWTH & INCOME TRUST PLC (the 'Company') announces the allotment of
100,000 Ordinary shares of 25p each fully paid under its block listing facility.

These shares were issued today at a price of 261.5p 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 21 November
2005 was 257.95p per share.

The total issued share capital of the Company is now 46,531,573 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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