Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC                       

                         Allotment of Ordinary Shares                          

On 12 May 2014 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted from
its blocklisting authority of 4 February 2014 25,000 new Ordinary shares of 25p
each at a price of 511.25 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 4,221,501
ordinary shares under its blocklisting facility.

As a result of this allotment, the total number of ordinary shares in issue now
stands at 93,295,212 and the total number of voting rights in the Company is
93,295,212. There are no shares held in treasury.

The above figure of 93,295,212 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 FCA's
Disclosure and Transparency Rules.

Enquiries:

Mark Pope

Frostrow Capital LLP

Tel: [phone]