Purchase of Own Securities

Finsbury Growth Trust PLC
18 September 2000



FINSBURY GROWTH TRUST PLC

REPURCHASE OF ORDINARY SHARES

The Board of Finsbury Growth Trust PLC announces that on 18 September 2000 the
Company repurchased for cancellation 175,000 of the Company's ordinary shares of
25p, representing 0.4% of the issued ordinary share capital, at an average price
of 205.5p per share.

To date the Company has repurchased a total of 3,791,070 ordinary shares,
representing 8.2% of the original issued ordinary share capital.  There are
42,208,930 ordinary shares remaining in issue.

For and on behalf of Close Finsbury Asset Management Limited - Secretary

18 September 2000


For further information, please contact:


Alastair Smith
Close Finsbury Asset Management Limited
020 7426 6240