Director/PDMR Shareholding

Midas Income & Growth Trust PLC
13 September 2006

1)  Name of company

    MIDAS INCOME & GROWTH TRUST PLC

2)  State whether notification is in respect of a transaction notified in
    accordance with DR 3.1.4R(1)(a) or DR 3.1.4R(1)(b) or both

    BOTH

3)  Name of director

    HUBERT REID

4)  State whether notification relates to a person(s) connected with a person
    discharging managerial responsibilities/director named in 3 above and
    identify the connected person(s)

    N/A

5)  Indicate whether notification is in respect of a holding of the person named
    in 3 or 4 above or in respect of a non-beneficial interest

    AS IN 3 ABOVE

6)  Class of security

    ORDINARY 25p

7)  Name of the registered shareholder(s) and, if more than one holder, the
    number of shares held by each of them (if notified)



8)  State the nature of the transaction.

    CONVERSION OF 2,000 WARRANTS TO SUBSCRIBE FOR ORDINARY SHARES AT 100p PER
    SHARE IN THE PERIOD TO 31 AUGUST 2006

9)  Number of shares/amount of stock acquired

    2,000 ORDS

10) Percentage of issued class acquired

    0.006%

11) Number of shares/amount of stock disposed

    -

12) Percentage of issued class disposed

    -
13) Price per share

    100p PER ORDINARY SHARE

14) Date of transaction

    13 SEPTEMBER 2006

15) Total holding and percentage holding of issued class following this
    notification

    55,485 ORDINARY SHARES (0.16%)

16) Date company informed

    13 SEPTEMBER 2006

Name of contact and telephone number for queries

CHARLES MEARNS TEL: [phone]

Name and signature of authorised company official responsible for making this
notification

CHARLES MEARNS

Date of Notification -

    13 SEPTEMBER 2006


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