Result of EGM

Midas Income & Growth Trust PLC
08 March 2007

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

                                  8 March 2007

                        MIDAS INCOME & GROWTH TRUST PLC
                                (THE 'COMPANY')

                    RESULT OF EXTRAORDINARY GENERAL MEETING
                           AND ALLOTMENT OF C SHARES


Result of EGM

The Directors of the Company are pleased to announce that at the Extraordinary
General Meeting held today all the resolutions (authorising, inter alia, an
increase in authorised share capital by the creation of C Shares, the allotment
of the C Shares pursuant to the Placing and Offer and the adoption of new
Articles of Association) were approved by Shareholders.  Accordingly, the
Placing and Offer are now unconditional save for Admission.

Admission

Admission of the 21,647,145 C Shares issued pursuant to the Placing and the
Offer for Subscription to the Official List of the UK Listing Authority is
expected to become effective, and dealings in such shares on the London Stock
Exchange's Main Market are expected to commence, at 8.00 a.m. on 9 March 2007.

Settlement

CREST accounts are expected to be credited in respect of C Shares issued in
uncertificated form on 9 March 2007 and certificates in respect of C Shares
issued in certificated form are expected to be issued in the week commencing
Monday, 19 March 2007.

Investment and Conversion

The net proceeds of the Issue and the investments made with them will be
accounted for and managed as a separate pool of assets until the later of 27
April 2007 and the date on which 80 per cent. of the net proceeds have been
invested.  The Directors expect that Conversion of the C Shares into New
Ordinary Shares will take place on or around 27 April 2007.

Documents delivered to the Document Viewing Facility

Copies of the resolution passed today have been submitted to the UK Listing
Authority and will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel: [phone]

Enquiries

Mark Purnell       Aberdeen Asset Management PLC, Secretary       020 7463 6000
Alan Borrows       Midas Capital Partners Limited, Manager        0151 906 2461
Sue Inglis/        Intelli Corporate Finance Limited, Sponsor     020 7653 6300
Darren Willis


Notes

Words and expressions defined in the prospectus relating to the Company dated 13
February 2007 have the same meanings when used in this announcement unless the
context requires otherwise.

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, Japan, the Republic of South Africa,
or Australia, 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, Australia,
Canada, Japan or the Republic of South Africa.

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 Midas
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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