Issue of Equity

Midas Income & Growth Trust PLC
27 February 2006

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

                                27 February 2006

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

            RESULT OF ISSUE, ADMISSION AND COMMENCEMENT OF DEALINGS

The Board is pleased to announce that 26,776,127 C Shares have been issued to
investors through the Placing and Offer.

The C Shares were admitted to the Official List and to trading on the London
Stock Exchange's Main Market at 8.00 a.m. this morning.

Enquiries

Charles Mearns      Aberdeen Asset Management PLC, Secretary       0131 313 6442
Alan Borrows        Midas Capital Partners Limited, Manager        0151 906 2461
Richard Ramsay/     Intelli Corporate Finance Limited, Sponsor     020 7653 6300
Darren Willis



Notes

Words and expressions defined in the prospectus relating to the Company dated 27
January 2006 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.




                      This information is provided by RNS
            The company news service from the London Stock Exchange   D

IOEVDLBLQLBFBBX