Issue of Supplementary Prospectus

Finsbury Growth & Income Trust PLC

Publication of supplementary prospectus

Finsbury Growth & Income Trust PLC (the 'Company') has today published a
supplementary prospectus which is supplemental to, and should be read in
conjunction with, the prospectus published on 12 December 2011 (the
'Prospectus') in connection with the placing of up to 40,000,000 shares.

The supplementary prospectus is required following announcement of the
Company's interim results for the six months ended 31 March 2012, which
constitutes a significant new factor relating to information included in the
Prospectus.

A copy of the supplementary prospectus has been submitted to the National
Storage Mechanism and will shortly be available for inspection at
www.hemscott.com/nsm.do

The supplementary prospectus will also be available shortly on the Company's
website, www.finsburygt.com

A copy of the Prospectus and the supplementary prospectus can be viewed at the
offices of Frostrow Capital LLP, 25 Southampton Buildings, London WC2A 1AL.

Enquiries:

Mark Pope, Frostrow Capital LLP: 020 3008 4913

Jane Lewis, Winterflood Investment Trusts: 020 3100 0295