Special Dividend Declaration

Finsbury Growth & Income Trust PLC
06 July 2006

                                                                    NEWS RELEASE

                                                                     6 July 2006



                        FINSBURY GROWTH & INCOME TRUST PLC


                                 SPECIAL DIVIDEND



The Company has declared a special dividend of 2.3p per Ordinary share.  This
special dividend has been declared following receipt by the Company of a special
dividend from The London Stock Exchange plc of an equal amount.



Such dividend will become payable on 2 August 2006 to holders on the register as
at 14 July 2006. The shares will go ex-dividend on 12 July 2006.


                                    - end -



For further information please contact:


Michael Reeve, Chairman, Finsbury Growth & Income Trust PLC      020 7602 2624
Alastair Smith, Close Finsbury Asset Management Ltd              020 7426 6240
Tracey Lago, Close Finsbury Asset Management Ltd                 020 7426 6219




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