Bank Update

Midas Income & Growth Trust PLC
21 March 2006

21 March 2006



Midas Income & Growth Trust PLC ('the Company')

The Board is pleased to announce that, as envisaged in the recent Prospectus
dated 27 January 2006,  the Company has renegotiated the terms of its Bilateral
Term Loan Agreement (the 'Amended Loan Agreement') with Allied Irish Banks PLC
(the 'Bank').  Under the terms of the Amended Loan Agreement, up to £5.5 million
is now available for draw down.  The Company's existing fixed rate £2,500,000
drawing under the original fixed loan agreement with the Bank has been repaid
and broken at a one off break cost of £26,836.00 and £2,500,000 has been
re-drawn under the terms of the Amended Loan Agreement on a floating interest
rate basis for an initial three month period at an all-in rate of 5.34565%.


Up to £3,000,000 remains available for drawing under the Amended Loan Agreement
in the future.


Enquiries:


David Thomas, Midas Capital Partners Limited 0151 906 2461
Charles Mearns, Aberdeen Asset Management PLC 0131 313 6442


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