Proposed C Share Issue

Midas Income & Growth Trust PLC
04 January 2006

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



                                 4 January 2006



                        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 both existing shareholders and new investors and to warrantholders, subject
to market conditions.



The Company expects to make a further announcement on the proposals before the
end of the month.



Enquiries:

Richard Ramsay    Intelli Corporate Finance Limited, Sponsor      020 7653 6300

Alan Borrows      Midas Capital Partners Limited, Manager         0151 906 2461

Charles Mearns    Aberdeen Asset Management PLC, Secretary        0131 313 6442







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 Australia, Canada, the Republic of Ireland 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,
director or indirectly, in or into the United States, Australia, Canada, the
Republic of Ireland or Japan.



Intelli Corporate Finance Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting for MIGT 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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