Result of EGM

Finsbury Growth & Income Trust PLC
12 April 2006


                        Finsbury Growth & Income Trust PLC

                  Results of the Extraordinary General Meeting

                                 12 April 2006


The Company is pleased to announce that at the Extraordinary General Meeting
held today all resolutions put to the meeting were duly passed.


Resolutions:

 1. To increase the authorised share capital to £25,000,000 by the creation of
    45,367,064 new Ordinary shares of 25p each.

 2. To authorise the Directors to allot securities in the Company.

 3. To increase the aggregate limit on Directors' fees to £150,000 per annum.

 4. To disapply the rights of pre-emption in relation to the allotment of
    securities contained in section 89 of the Companies Act 1985.


                                    - ENDS-


For further information please contact:

Tracey Lago      Close Finsbury Asset Management Limited           020 7426 6224



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