Issue of Equity

Finsbury Growth & Income Trust PLC
26 January 2006


                       FINSBURY GROWTH & INCOME TRUST PLC

                                26 January 2006


Allotment of Ordinary Shares

FINSBURY GROWTH & INCOME TRUST PLC (the 'Company') announces the allotment of
100,000 Ordinary shares of 25p each fully paid under its block listing facility.

These shares were issued today at a price of 282.0p per share, which equates to
a premium to the estimated net asset value at the time of transaction of 1.5%.

The net asset value per Ordinary share at the close of business on 25 January
2006 was 276.84p per share.

The total issued share capital of the Company is now 47,481,573 Ordinary shares
of 25p each.

                                    - Ends -

Enquiries:

Alastair Smith        Close Finsbury Asset Management Ltd      020 7426 6240
Tracey Lago           Close Finsbury Asset Management Ltd      020 7426 6219


                      This information is provided by RNS
            The company news service from the London Stock Exchange