Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC                       

                         Allotment of Ordinary Shares                          

On 10 July 2013 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted
from its blocklisting authority of 17 June 2013 125,000 new Ordinary shares of
25p each at a price of 480.5 pence per share; these shares rank pari passu with
the existing Ordinary shares in issue. The issue price equates to a premium to
the cum income net asset value per share at the time of the transaction of
0.7%, such premium including a placing commission of 0.2%.

Following this issue, the Company has the ability to issue a further 5,682,881
ordinary shares under its block listing facility.

As a result of this allotment, the total number of ordinary shares in issue now
stands at 80,591,557 and the total number of voting rights in the Company is
80,591,557. There are no shares held in treasury.

The above figure of 80,591,557 may be used by shareholders as the denominator
for the calculation by which they may determine if they are required to notify
their interest in, or change to their interest in, the Company under the FSA's
Disclosure and Transparency Rules.

Enquiries:

Mark Pope
Frostrow Capital LLP
Tel: [phone]