Holding(s) in Company

For filings with the FSA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        
                                                                                        
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer             Finsbury Growth & Income 
of existing shares to which voting rights are                          Trust Plc        
attached:ii                                                                             
                                                                                        
2 Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                        X    
                                                                                        
An acquisition or disposal of qualifying financial instruments which may                
result in the acquisition of shares already issued to which voting rights are           
attached                                                                                
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                                                                 
                                                                                        
3. Full name of person(s) subject to the                    Henderson Global Investors  
notification obligation:iii                                           Limited           
                                                                                        
4. Full name of shareholder(s)                               Harewood Nominees Limited  
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                 24 August 2010        
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                 25 August 2010        
                                                                                        
7. Threshold(s) that is/are crossed or                                  5%              
reached: vi, vii                                                                        
                                                                                        


 

8. Notified details:                                                                              
                                                                                                  
A: Voting rights attached to shares viii, ix                                                      
                                                                                                  
Class/type   Situation previous           Resulting situation after the triggering transaction    
of           to the triggering                                                                    
shares       transaction                                                                          
                                                                                                  
                                                                                                  
if possible  Number          Number       Number    Number of voting         % of  voting rights x
using        of              of           of shares rights                                        
the ISIN     Shares          Voting                                                               
CODE                         Rights                                                               
                                          Direct    Direct xi   Indirect xii Direct   Indirect    
                                                                                                  
                                                                                                  
                                                                                                  
ORD GBP0.25                                                                                       
                                                                                                  
                Below 5%       Below 5%   2,658,879              2,658,879               5.0217   
                                                                                                  
GB0007816068                                                                                      
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
B: Qualifying Financial Instruments                                                               
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
Type of        Expiration      Exercise/              Number of voting             % of voting    
financial      date xiii       Conversion Period xiv  rights that may be           rights         
instrument                                            acquired if the                             
                                                      instrument is                               
                                                      exercised/ converted.                       
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
C: Financial Instruments with similar economic effect to Qualifying Financial                     
Instruments xv, xvi                                                                               
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
Type of       Exercise price Expiration  Exercise/  Number of voting rights     % of voting rights
financial                    date xvii   Conversion instrument refers to        xix, xx           
instrument                               period                                                   
                                         xviii                                                    
                                                                                                  
                                                                                Nominal Delta      
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
Total (A+B+C)                                                                                     
                                                                                                  
Number of voting rights                          Percentage of voting rights                      
                                                                                                  
                                                                                                  
                                                                      5.0217                      
                   2,658,879                                                                      
                                                                                                  


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                           
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:                                                             
                                                                                        
14. Contact name:                                    Wayne Powell                       
                                                                                        
15. Contact telephone number:                       020 7818 5611                       
                                                                                        
                                Mark Pope, Frostrow Capital LLP, Company Secretary to   
                                  Finsbury Growth & Income Trust Plc (0203 008 4913)