Portfolio Update

Midas Income & Growth Trust PLC
04 February 2008


                        MIDAS INCOME & GROWTH TRUST PLC


                             10 LARGEST INVESTMENTS


The company announces that the ten largest investments as at close of business
on 31 January 2008 were as follows:



           Assets With Values Over 5% of Gross Assets

NAME                                                                              Market Value % Ttl Gross Assets

BARCLAYS BANK                                                                        6,986,175               9.34

Top 10 Portfolio Assets

NAME                                                                              Market Value % Ttl Gross Assets

BARCLAYS BANK                                                                        6,986,175               9.34
CF RUFFER INV FUNDS BAKER STEEL GOLD FUND ACC                                        2,212,100               2.96
SPECIALIST INVESTMENT M&G LEVERAGED EURO LOAN 'D' INC GBP                            2,092,980               2.80
BELL AJ GBP0.10                                                                      2,000,000               2.67
HBOS 9.75% NON CUM PRF GBP1.00                                                       1,738,525               2.33
MERRILL LYNCH COMMODITIES ORD GBP0.01                                                1,630,125               2.18
BLACKROCK(LUX) C/WTS 09/05/13 DJ EURO STOXX 50                                       1,553,760               2.08
HAREWOOD STRUCTURED US HIGH INC                                                      1,552,113               2.08
THAMES RIVER TRADITIONAL HIGH INCOME FUND                                            1,521,000               2.03
LEGAL & GENERAL GROUP ORD GBP0.025                                                   1,519,150               2.03

END


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