FINSBURY GROWTH & INCOME TRUST PLC

    Allotment of Ordinary Shares

    On 13 January 2016 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted
    from its block listing authority of 20 July 2015 60,501 new Ordinary shares of
    25p each and, in addition, 14,499 new Ordinary shares of 25p from its
    blocklisting authority of 3 December 2015, at a price of 573.00 pence per
    share; these shares rank pari passu with the existing Ordinary shares in issue.
    The issue price equates to a premium to the cum income net asset value per
    share at the time of the transaction of 0.7%, such premium including a placing
    commission of 0.2%.

    Following this issue, the Company has the ability to issue a further 9,985,501
    ordinary shares under its blocklisting facility.

    As a result of this allotment, the total number of ordinary shares in issue now
    stands at 127,531,212 and the total number of voting rights in the Company is
    127,531,212. There are no shares held in treasury.

    The above figure of 127,531,212 may be used by shareholders as the denominator
    for the calculation by which they may determine if they are required to notify
    their interest in, or change to their interest in, the Company under the FCA's
    Disclosure and Transparency Rules.

    Enquiries:

    Katherine Manson      

    Frostrow Capital LLP             

    Tel: 0203 709 8734