FINSBURY GROWTH & INCOME TRUST PLC - Issue of Equity

FINSBURY GROWTH & INCOME TRUST PLC - Issue of Equity

PR Newswire

                      FINSBURY GROWTH & INCOME TRUST PLC

                         Allotment of Ordinary Shares

On 2 October FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted from
its blocklisting authority of 4 February 2014 11,501 new Ordinary shares of 25p
each and, in addition, 13,499 new Ordinary shares of 25p each from its
blocklisting authority of 23 July 2014, at a price of 504.00 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 9,986,501 Ordinary
shares under its blocklisting facility of 23 July 2014.

As a result of this allotment, the total number of ordinary shares in issue now
stands at 97,530,212 and the total number of voting rights in the Company is
97,530,212. There are no shares held in treasury.

The above figure of 97,530,212 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: 020 3 008 4913