Publication of Circular

Finsbury Growth & Income Trust PLC                       

             Publication of Circular to convene a General Meeting              

                                  2 June 2015                                  

Since the Company's Annual General Meeting ('AGM') held on 3 February 2015, its
Ordinary Shares ('Shares') have consistently traded close to the Net Asset
Value per Share.  This has enabled the Directors to use the authority granted
to them at the AGM to issue a further 7,765,000 Shares.

The Company announces that the authority granted in February 2015 has been
almost fully utilised and that it has taken the steps necessary to enable it to
continue to issue further Shares.

The Company is pleased to announce that a Circular convening a General Meeting
is today being posted to shareholders to enable the Board to continue the
policy of issuing new Shares into the market at a premium to the higher of the
prevailing cum income or ex income NAV per Share when demand arises.

The Circular sets out the Company's intention to call a General Meeting of
shareholders to be held at 25 Southampton Buildings, London WC2A 1AL at 10.00
a.m. on Wednesday, 1 July 2015 to consider and, if thought fit, approve an
ordinary resolution empowering the Directors to allot equity securities up to
an amount equal to approximately 10 per cent. of the issued share capital of
the Company and a special resolution to disapply pre-emption rights in respect
of any such issuance. Any authority granted to the Directors will lapse at the
conclusion of the next Annual General Meeting of the Company.

Expected Timetable

 Latest time and date for receipt of Forms of     10.00 a.m. on Monday, 29   
Proxy                                             June 2015                  
                                                                             
 General Meeting to approve the Proposal          10.00 a.m. on Wednesday, 1 
                                                  July 2015                  

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

The Circular will also shortly be available on the Company's website at
http://www.finsburygt.com/

Enquiries:

Victoria Hale
Frostrow Capital LLP, Company Secretary
020 3170 8732