FINSBURY GROWTH & INCOME TRUST PLC - Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC

                         Allotment of Ordinary Shares

On 19 August 2014 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted
from its block listing authority of 4 February 2014 25,000 new Ordinary shares
of 25p each at a price of 517.25 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 946,501
ordinary shares under its blocklisting facility.

As a result of this allotment, the total number of ordinary shares in issue now
stands at 96,570,212 and the total number of voting rights in the Company is
96,570,212. There are no shares held in treasury.

The above figure of 96,570,212 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:

Mark Pope
Frostrow Capital LLP
Tel: [phone]