AGM Statement

FINSBURY GROWTH & INCOME TRUST PLC                       

                              Results of the AGM                               

The Company announces that all resolutions were passed at the Annual General
Meeting of the Company held on Friday, 23rd January 2009 and the level of proxy
votes received are shown below.

Resolutions            Votes For    %      Votes     %     Total     Votes  
                                          Against        Votes Cast         
                                                                    Withheld
                                                                       *    
                                                                            
Ordinary Resolutions                                                        
                                                                            
 1. To receive and     22,453,025 100.00     0     0.00  22,453,025  11,071 
    consider the                                                            
    audited accounts                                                        
    and the Report of                                                       
    the Directors for                                                       
    the year ended 30                                                       
    September 2008.                                                         
                                                                            
 2. To elect Neil      21,978,066 97.88   474,959  2.12  22,453,025  11,071 
    Collins as a                                                            
    Director of the                                                         
    Company.                                                                
                                                                            
 3. To re-elect John   21,988,532 99.74   57,091   0.26  22,045,623 418,473 
    Allard as a                                                             
    Director of the                                                         
    Company.                                                                
                                                                            
 4. To re-elect Giles  21,965,783 99.91   19,053   0.09  21,984,836 479,260 
    Warman as a                                                             
    Director of the                                                         
    Company.                                                                
                                                                            
 5. To approve the     21,804,888 97.56   544,525  2.44  22,349,413 114,683 
    Directors'                                                              
    Remuneration                                                            
    Report.                                                                 
                                                                            
 6. To reappoint Grant 22,388,608 99.71   65,344   0.29  22,453,952  10,144 
    Thornton UK LLP as                                                      
    auditors of the                                                         
    Company and to                                                          
    authorise the                                                           
    Directors to                                                            
    determine their                                                         
    remuneration.                                                           
                                                                            
Special Business                                                            
                                                                            
 7. To authorise the   22,060,927 98.21   403,169  1.79  22,464,096    0    
    Directors to allot                                                      
    securities in the                                                       
    Company.                                                                
                                                                            
 8. To disapply the    20,946,680 97.11   624,016  2.89  21,570,696 893,400 
    rights of                                                               
    pre-emption in                                                          
    relation to the                                                         
    allotment of                                                            
    securities                                                              
    contained in                                                            
    section 89 of the                                                       
    Companies Act                                                           
    1985. (Special                                                          
    Resolution).                                                            
                                                                            
 9. To authorise the   18,308,748 84.88  3,261,948 15.12 21,570,696 893,400 
    Directors to sell                                                       
    relevant shares                                                         
    (within the                                                             
    meaning of Section                                                      
    94 of the                                                               
    Companies Act                                                           
    1985) for cash if,                                                      
    immediately before                                                      
    the sale, such                                                          
    shares are held by                                                      
    the Company as                                                          
    treasury shares,                                                        
    (Special                                                                
    Resolution).                                                            
                                                                            
10. To authorise the   21,934,915 97.64   529,181  2.36  22,464,096    0    
    Company to make                                                         
    market purchases                                                        
    of Ordinary shares                                                      
    in the Company.                                                         
    (Special                                                                
    Resolution).                                                            
                                                                            
11. To adopt new       21,967,513 98.19   404,039  1.81  22,371,552  92,544 
    articles of                                                             
    association.                                                            
    (Special                                                                
    Resolution).                                                            

* Please note that `Vote withheld' is not a vote in law and is not counted in
the calculation of the proportion of votes `For' and `Against `a resolution.

                                    - ENDS-                                    

23rd January 2009

Frostrow Capital LLP

Secretary

For further information please contact:

Mark Pope Frostrow Capital LLP -        020 3 008   
          Company Secretary             4913