Purchase of Own Securities

Finsbury Growth Trust PLC
27 October 2000


STOCK EXCHANGE ANNOUNCEMENT


FINSBURY GROWTH TRUST PLC


REPURCHASE OF ORDINARY SHARES


The Board of Finsbury Growth Trust PLC announces that on 27 October 2000 the
Company repurchased for cancellation 375,000 of the Company's ordinary shares
of 25p, representing 0.95% of the issued ordinary share capital, at a price of
201.0p per share.

To date the Company has repurchased a total of 7,093,570 ordinary shares,
representing 15.4% of the original issued ordinary share capital. There are
38,906,430 ordinary shares remaining in issue.

For and on behalf of Close Finsbury Asset Management Limited - Secretary

27 October 2000

For further information, please contact:

Alastair Smith

Close Finsbury Asset Management Limited

020 7426 6240