Result of AGM

FINSBURY GROWTH & INCOME TRUST PLC                       

                              Results of the AGM                               

The Company announces that all resolutions were passed at the Annual General
Meeting of the Company held on Wednesday, 30th January 2008 and the level of
proxy votes received are shown below.

Resolutions             Votes For  %     Votes     %     Total      Votes   
                                         Against         Votes Cast         
                                                                    Withheld
                                                                    *       
                                                                            
Ordinary Resolutions                                                        
                                                                            
 1. To receive and      15,979,185 97.97 4,936     0.03  15,984,121 0       
    consider the                                                            
    audited accounts                                                        
    and the Report of                                                       
    the Directors for                                                       
    the year ended 30                                                       
    September 2007.                                                         
                                                                            
 2. To re-elect Vanessa 15,961,991 99.94 9,694     0.06  15,971,685 12,436  
    Renwick as a                                                            
    Director of the                                                         
    Company.                                                                
                                                                            
 3. To re-elect Giles   15,884,446 99.45 87,239    0.55  15,971,685 12,436  
    Warman as a                                                             
    Director of the                                                         
    Company.                                                                
                                                                            
 4. To approve the      15,921,989 99.78 35,064    0.22  15,957,053 27,068  
    Directors'                                                              
    Remuneration                                                            
    Report.                                                                 
                                                                            
 5. To reappoint Grant  15,963,229 99.87 20,545    0.13  15,983,774 347     
    Thornton UK LLP as                                                      
    auditors of the                                                         
    Company                                                                 
                                                                            
 6. To authorise the    15,975,600 99.95 8,174     0.05  15,983,774 347     
    Directors to                                                            
    determine the                                                           
    auditor's                                                               
    remuneration.                                                           
                                                                            
Special Business                                                            
                                                                            
 7. To authorise the    15,931,049 99.72 44,665    0.28  15,975,714 8,407   
    Directors to allot                                                      
    securities in the                                                       
    Company.                                                                
                                                                            
 8. To disapply the     12,486,442 79.41 3,236,950 20.59 15,723,392 260,729 
    rights of                                                               
    pre-emption in                                                          
    relation to the                                                         
    allotment of                                                            
    securities                                                              
    contained in                                                            
    section 89 of the                                                       
    Companies Act 1985.                                                     
    Special                                                                 
    resolution).                                                            
                                                                            
 9. To authorise the    15,872,121 99.36 102,562   0.64  15,974,683 9,438   
    Company to make                                                         
    market purchases of                                                     
    Ordinary shares in                                                      
    the Company.                                                            
    (Special                                                                
    resolution).                                                            

* Please note that `Vote withheld' is not a vote in law and is not counted in
the calculation of the proportion of votes `For' and `Against `a resolution.

                                    - ENDS-                                    

31st January 2008

Frostrow Capital LLP

Secretary

For further information please contact:

Mark Pope Frostrow Capital LLP -        020 3 008   
          Company Secretary             4913        

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