Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC

Issue of Ordinary Shares

On 12 May 2016 FINSBURY GROWTH & INCOME TRUST PLC (the “Company”) issued from its block listing authority of 3 December 2015 25,000 new Ordinary shares of 25p each at a price of 591.5 pence per share; these shares rank pari passu with the existing Ordinary shares in issue. The issue price equates to a premium to the ex dividend 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 4,465,501 ordinary shares under its block listing facility.

As a result of this issue, the total number of ordinary shares in issue now stands at 133,051,212 and the total number of voting rights in the Company is 133,051,212. There are no shares held in treasury.

The above figure of 133,051,212 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]