Result of EGM

NEWS RELEASE

                                                                   14 July 2014

                      Finsbury Growth & Income Trust PLC                       

                                (the `Company')                                

Result of General Meeting

Following a General Meeting of the Company, which was held today, the Board is
pleased to announce that both of the resolutions put to shareholders were
passed, giving the Directors authority to allot Shares and disapply pre-emption
rights in respect of the issue of such Shares.

The full text of the resolutions can be found in the Notice of General Meeting
contained in the Circular dated 19 June 2014, which is available for viewing at
the National Storage Mechanism which can be located at www.hemscott.com/nsm.do
and from the Company's website, www.finsburygt.com

A copy of the Special Resolution passed by shareholders will be submitted to
the National Storage Mechanism today and will shortly be available for
inspection at www.hemscott.com/nsm.do

Enquiries:

Victoria Hale

Company Secretary

Frostrow Capital LLP

Telephone: [phone]