Portfolio Update

Midas Income & Growth Trust PLC
02 February 2006

                        MIDAS INCOME & GROWTH TRUST PLC

                             10 LARGEST INVESTMENTS

The company announces that the ten largest investments as at close of business
on 31 January 2006 were as follows:


Company                                                        % of Gross Assets

Assets With Values Over 5% of Gross Assets

NAME                                                          % Ttl Gross Assets
M&G LEVERAGED/INVESTMENT                                                    5.49
BARCLAYS BANK                                                               5.00


Top 10 Portfolio Assets

NAME                                                          % Ttl Gross Assets
M&G LEVEREGED/INVESTMENT                                                    5.49
BARCLAYS BANK                                                               5.00
MERRILL LYNCH                                                               3.98
REAL ESTATE OPPORTUNITY                                                     3.83
PROTEGO UK PROPERTY                                                         2.82
HBOS                                                                        2.72
THAMES RIVER TRADITIONAL HIGH INCOME FUND                                   2.71
WOOLWICH GLOBAL DISTRIBUTION BOND SERIES 2 (INC)                            2.61
DAWNAY DAY                                                                  2.51
CF RUFFER INV FUNDS BAKER STEEL                                             2.34
OLD MUTUAL CORPORATE BOND INC                                               2.11


END


                      This information is provided by RNS
            The company news service from the London Stock Exchange       FUBLGDDCUGGGLD