Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC

Allotment of Ordinary Shares

On 19 July 2016 FINSBURY GROWTH & INCOME TRUST PLC (the “Company”) allotted from its block listing authority of 3 December 2015 226,501 new Ordinary shares of 25p each and, in addition, 323,499 new Ordinary shares of 25p from its blocklisting authority of 8 July 2016, at a price of 636.75 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 9,676,501 ordinary shares under its blocklisting facility.

As a result of this allotment, the total number of ordinary shares in issue now stands at 137,840,212 and the total number of voting rights in the Company is 137,840,212. There are no shares held in treasury.

The above figure of 137,840,212 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:

Katherine Manson     

Frostrow Capital LLP             

Tel: [phone]