Notification and public disclosure of transactions by persons discharging
    managerial responsibilities and persons closely associated with them

    1   Details of the person discharging managerial responsibilities / person
        closely associated                                                    
                                                                              
    a)  Name                      Mrs Jennifer Allard                         
                                                                              
                                                                              
    2   Reason for the notification                                           
                                                                              
    a)  Position/status           Spouse of Non-executive Director, John      
                                  Allard                                      
                                                                              
    b)  Initial notification /    Initial notification                        
        Amendment                                                             
                                                                              
                                                                              
    3   Details of the issuer, emission allowance market participant, auction 
        platform, auctioneer or auction monitor                               
                                                                              
    a)  Name                      Finsbury Growth & Income Trust PLC          
                                                                              
                                                                              
    b)  LEI                       213800NN4ZKX2LG1GQ40                        
                                                                              
                                                                              
    4   Details of the transaction(s): section to be repeated for (i) each    
        type of instrument; (ii) each type of transaction; (iii) each date;   
        and (iv) each place where transactions have been conducted            
                                                                              
                                                                              
    a)  Description of the        Ordinary 25p shares                         
        financial instrument,                                                 
        type of instrument                                                    
                                  GB0007816068                                
        Identification code                                                   
                                                                              
                                                                              
    b)  Nature of the transaction Acquisition of shares (re-investment of     
                                  income within an ISA)                       
                                                                              
    c)  Price(s) and volume(s)    Price(s)             Volume(s)              
                                                                              
                                  657.1750 pence per   208                    
                                  share                                       
                                                                              
    d)  Aggregated information                                                
                                                                              
                                                                              
        - Aggregated volume       208 ordinary 25p shares                     
                                                                              
                                                                              
        - Price                   657.1750 pence per share                    
                                                                              
                                                                              
    e)  Date of the transaction   9 January 2017                              
                                                                              
                                                                              
    f)  Place of the transaction  London Stock Exchange (XLON)                
                                                                              

    Name of authorised official of issuer responsible for making notification:

    Victoria Hale, for and on behalf of Frostrow Capital LLP

    Company Secretary to FINSBURY GROWTH & INCOME TRUST PLC