Issue of Equity

Finsbury Growth & Income Trust PLC
29 September 2005

                       FINSBURY GROWTH & INCOME TRUST PLC


                               29 September 2005



Allotment of Ordinary Shares

FINSBURY GROWTH & INCOME TRUST PLC (the 'Company') announces the allotment of
50,000 Ordinary shares of 25p each fully paid under its block listing facility.


These shares were issued today at a price of 258.0p per share, which equates to
a premium to the estimated net asset value at the time of transaction of 1.55%.


The net asset value per Ordinary share at the close of business on 28 September
2005 was 254.58p per share.


The total issued share capital of the Company is now 44,948,643 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


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