FINSBURY GROWTH & INCOME TRUST PLC

    Issue of Ordinary Shares

    On 24 May 2016 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") issued from
    its block listing authority of 3 December 2015 200,000 new Ordinary shares of
    25p each at a price of 586.5 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 3,385,501
    ordinary shares under its block listing facility.

    As a result of this issue, the total number of ordinary shares in issue now
    stands at 134,131,212 and the total number of voting rights in the Company is
    134,131,212. There are no shares held in treasury.

    The above figure of 134,131,212 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:

    Katherine Manson      

    Frostrow Capital LLP             

    Tel: 0203 709 8734