Finsbury Growth & Income Trust PLC : - Issue of Equity

                      FINSBURY GROWTH & INCOME TRUST PLC

                         Allotment of Ordinary Shares

On 20 January 2014 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted
from its blocklisting authority of 20 December 2013 100,000 new Ordinary shares
of 25p each at a price of 524.75 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 983,655
ordinary shares under its blocklisting facility.

As a result of this allotment, the total number of ordinary shares in issue now
stands at 88,101,557 and the total number of voting rights in the Company is
88,101,557. There are no shares held in treasury.

The above figure of 88,101,557 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:

Mark Pope

Frostrow Capital LLP

Tel: [phone]