Transaction in Own Shares

Finsbury Growth Trust PLC
28 April 2004

                                                                    NEWS RELEASE

                                                                   28 April 2004




                           FINSBURY GROWTH TRUST PLC
                                (the 'Company')

                    MARKET PURCHASE OF COMPANY'S OWN SHARES

Notification is given pursuant to the authority granted at the Annual General
Meeting of the Company held on 27 January 2004 to make market purchases of the
Company's own shares up to an aggregate maximum of 5,824,579.

That a market total of 75,000 ordinary shares of 25p each in the capital of the
Company was purchased by the Company today at a price of 185.25p per share. Such
shares will be held by the Company as treasury shares.

The total number of ordinary shares held by the Company in treasury following
the purchase and non-cancellation of ordinary shares is 3,575,000. The number of
ordinary shares that the Company has in issue, less the total number of ordinary
shares held by the Company in treasury following such purchase, is 35,281,430.

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

For further information, please contact:

Alastair Smith
Close Finsbury Asset Management Limited
Tel: [phone]

Tracey Gower
Close Finsbury Asset Management Limited
Tel: [phone]

Nick Train
Lindsell Train Limited
Tel: [phone]


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