Finsbury Growth & Income Trust Announcements

Issue of Equity

10 October 2006 16:08:03

Finsbury Growth & Income Trust PLC
10 October 2006

FINSBURY GROWTH & INCOME TRUST PLC

10 October 2006
Allotment of Ordinary Shares

FINSBURY GROWTH & INCOME TRUST PLC (the "Company") announces the allotment of
50,000 Ordinary shares of 25p each fully paid under its block listing facility.

These shares were issued today at a price of 301.5p per share, which equates to
a premium to the estimated net asset value at the time of transaction of 1.5%.

The net asset value per Ordinary share at the close of business on 9 October
2006 was 296.41p per share.

The total issued share capital of the Company is now 49,446,573 Ordinary shares
of 25p each.

- Ends -

Enquiries:

Tracey Lago Close Investments Limited 020 7426 6219
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There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

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