Issue of Equity

To: RNS

From: Troy Income & Growth Trust plc

Date: 28 July 2017

Issue of Equity

On 28 July 2017 Troy Income & Growth Trust plc issued 350,000 Ordinary shares of 25 pence from its blocklisting facility at a price of 79.40 pence per share.

The Company's issued share capital now consists of 289,994,045 Ordinary shares, and there are no shares held in Treasury. Therefore, the total number of shares with voting rights in Troy Income & Growth Trust plc is 289,994,045.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Troy Income & Growth Trust plc under the FCA's Disclosure Guidance and Transparency Rules.

All enquiries

Steven Cowie (Company Secretary)Tel.: 0131 538 6604