Notification of Major Interest in Shares

For filings with the FSA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                                      
of existing shares to which voting rights are                                           
attached:ii                                                           Finsbury Growth & 
                                                                      Income Trust PLC     
                                                                                        
2 Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                            X
                                                                                        
An acquisition or disposal of qualifying financial instruments which may result         
in the acquisition of shares already issued to which voting rights are attached         
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                           Increase in Total Voting Rights      X
                                                                                        
3. Full name of person(s) subject to the            Investec Wealth & Investment Limited
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                                      N/A                 
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                       10th December 2012         
which the threshold is crossed or                                                       
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                            12th December 2012         
                                                                                        
7. Threshold(s) that is/are crossed or                         From 6% to 5%            
reached: vi, vii                                                                        
                                                                                        

8. Notified details:                                                                                   
                                                                                                       
A: Voting rights attached to shares viii, ix                                                           
                                                                                                       
Class/type   Situation previous          Resulting situation after the triggering transaction 
of           to the triggering                                                                         
shares       transaction                                                                               
                                                                                                       
             Number        Number        Number   Number of voting        % of  voting rights 
if possible  of            of            of       rights                  x                   
using        Shares        Voting        shares                                               
the ISIN                   Rights                                                             
CODE                                     Direct   Direct xi Indirect xii  Direct  Indirect    
                                                                                                       
Ordinary     4,259,480     4,259,480                        4,257,805             5.97%       
Shares                                                                                                 
                                                                                                       
GB0007816068                                                                                           
                                                                                                       
                                                                                                       
B: Qualifying Financial Instruments                                                                    
                                                                                                       
Resulting situation after the triggering transaction                                                   
                                                                                                       
Type of        Expiration            Exercise/              Number of voting             % of voting   
financial      date xiii             Conversion Period xiv  rights that may be           rights        
instrument                                                  acquired if the                            
                                                            instrument is                              
                                                            exercised/ converted.                      
                                                                                                       
                                                                                                   
                                                                                                       
C: Financial Instruments with similar economic effect to Qualifying Financial                          
Instruments xv, xvi                                                                                    
                                                                                                       
Resulting situation after the triggering transaction                                                   
                                                                                                       
Type of       Exercise price        Expiration  Exercise/  Number of voting rights    % of voting      
financial                           date xvii   Conversion instrument refers to       rights xix, xx   
instrument                                      period                                                 
                                                xviii                                                  
                                                                                                       
                                                                                      Nominal Delta      
                                                                                              
                                                                                                       
Total (A+B+C)                                                                                          
                                                                                                       
Number of voting rights                                  Percentage of voting rights                   
                                                                                                       
4,257,805                                                5.97%                                         
                                                                                                       


9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
Client holdings registered in the name of Nominee companies 100% owned by               
Investec Wealth & Investment Limited.                                                   
                                                                                        
                                                                                      
Proxy Voting:                                                                           
                                                                                        
                                                                                        
10. Name of the proxy holder:                                                           
                                                                       N/A              
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                       N/A              
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                       N/A              
                                                                                      
13. Additional information:                                                             
                                                        N/A                             
                                                                                        
                                                                                        
                                                        Phil Beardwell Chartered FCSI   
14. Contact name:                                                                       
                                                        Senior Compliance Manager       
                                                                                        
                                                                                        
15. Contact telephone number:                           020 7597 1356                   
                                                                                        


Note: Annex should only be submitted to the FSA not the issuer                          
                                                                                        
Annex: Notification of major interests in sharesxxii                                    
                                                                                        
                                                                                        
                                                                                        
A: Identity of the persons or legal entity subject to the notification                  
obligation                                                                              
                                                                                        
Full name                                               Investec Wealth & Investment    
                                                        Limited                         
(including legal form of legal entities)                                                
                                                                                        
                                                                                        
                                                                                        
Contact address                                         2 Gresham Street                
(registered office for legal entities)                  London                          
                                                        EC2V 7QP                        
                                                                                        
Phone number & email                                    0113 236 4171                   
                                                                                        
                                                        [e-mail]    
                                                                                        
Other useful information                                Mike Rigby                      
                                                                                        
(at least legal representative for legal persons)       (Head of Compliance)            
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
B: Identity of the notifier, if applicable                                              
                                                                                        
Full name                                               Philip Martin Beardwell         
                                                                                        
                                                                                        
                                                                                        
Contact address                                         2 Gresham Street                
                                                        London                          
                                                        EC2V 7QN                        
Phone number & email                                    020 7597 1356                   
                                                                                        
                                                        [e-mail]
                                                                                        
Other useful information                                Senior Compliance Manager       
                                                                                        
(e.g. functional relationship with the person or legal                                  
entity subject to the notification obligation)                                          
                                                                                        
                                                                                        
                                                                                        
C: Additional information                                                               
                                                                                        
                                                                                        
For notes on how to complete form TR-1 please see the FSA website.