FGT Finsbury Growth & Income Trust Plc

                      FINSBURY GROWTH & INCOME TRUST PLC

                         Allotment of Ordinary Shares

On 23 April 2014 FINSBURY GROWTH & INCOME TRUST PLC (the "Company") allotted
from its blocklisting authority of 4 February 2014 125,000 new Ordinary shares
of 25p each at a price of 507.25 pence per share; these shares rank pari passu
with the existing Ordinary shares in issue. The issue price equates to a
premium to the ex dividend ex 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 5,256,501
ordinary shares under its blocklisting facility.

As a result of this allotment, the total number of ordinary shares in issue now
stands at 92,260,212 and the total number of voting rights in the Company is
92,260,212. There are no shares held in treasury.

The above figure of 92,260,212 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:

Victoria Hale

Frostrow Capital LLP

Tel: 020 3 170 8732