Proposed share issue

Midas Income & Growth Trust PLC
25 January 2007

          NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
                   UNITED STATES, CANADA, AUSTRALIA OR JAPAN

                                25 January 2007

                        MIDAS INCOME & GROWTH TRUST PLC

                           (THE 'COMPANY' OR 'MIGT')

                              PROPOSED SHARE ISSUE



The board of Midas Income & Growth Trust PLC today announces that it is
considering proposals to raise additional capital through an issue of C shares
to existing shareholders and warrantholders and to new investors, subject to
market conditions.

The Company expects to make a further announcement on the proposals in February
2007.



Enquiries

Gordon Neilly/Darren Willis       Intelli Corporate Finance Limited, Sponsor                020 7653 6300
Alan Borrows                      Midas Capital Partners Limited, Manager                   0151 906 2461
Mark Purnell                      Aberdeen Asset Management PLC, Secretary                  020 7463 6304





Notes

The C shares will not be registered under the United States' Securities Act 1933
or the relevant securities laws of any state of the United States, or under any
of the relevant securities laws of Canada, Australia or Japan and, accordingly,
the placing and offer for subscription will not be made and the C shares may not
be offered, sold, resold, delivered or transferred, directly or indirectly, in
or into the United States, Canada, Australia or Japan.

Intelli Corporate Finance Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting for Midas Income &
Growth Trust PLC and for no one else in connection with the proposed placing and
offer for subscription and will not be responsible to anyone other than MIGT for
providing the protections afforded to clients of Intelli Corporate Finance
Limited or for affording advice in relation to the placing and offer for
subscription and any related matters.


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