Portfolio Update

Midas Income & Growth Trust PLC
06 February 2007


                        MIDAS INCOME & GROWTH TRUST PLC

                             10 LARGEST INVESTMENTS


The company announces that the ten largest investments as at close of business
on 31 January 2007 were as follows:


            Assets With Values Over 5% of Gross Assets
NAME                                                                                Market Value      % Ttl Gross
                                                                                                           Assets

BARCLAYS BANK                                                                          3,709,583             6.23

Top 10 Portfolio Assets

NAME                                                                                Market Value      % Ttl Gross
                                                                                                           Assets

BARCLAYS BANK                                                                          3,709,583             6.23
SPECIALIST INVESTMENT M&G LEVERAGED                                                    2,107,103             3.54
PROTEGO UK PROPERTY                                                                    1,723,317             2.89
HBOS                                                                                   1,581,100             2.65
THAMES RIVER TRADITIONAL HIGH INCOME FUND                                              1,512,000             2.54
MORLEY GLOBAL INCOME PLAN                                                              1,475,740             2.48
EUROPEAN ASSET TRUST                                                                   1,465,500             2.46
REAL ESTATE OPPORTUNITY                                                                1,459,500             2.45
CF RUFFER INV FUNDS BAKER STEEL GOLD                                                   1,291,920             2.17
ZENITH INV                                                                             1,275,500             2.14





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