Replacement - Net Asset Value

RNS Number : 6235M

Midas Income & Growth Trust PLC

02 February 2009

AMENDMENT

This announcement replaces the announcement released to the stock exchange on 30 January 2009 at 12:38hrs (RNS No: 5495M). The earlier announcement showed a diluted nav figure of 100.08p. The diluted nav figure should have read 99.00p. Please see below the updated announcement.

MIDAS INCOME & GROWTH TRUST PLC

Midas Income & Growth Trust PLC announces the following unaudited net asset values (NAVs) as at close of business on 29 January 2009. Unless otherwise disclosed, the NAVs have been calculated in accordance with the recommendations of the Association of Investment Companies. In particular: (1) financial assets have been valued on a fair value basis using bid prices, or, if more appropriate, a last trade basis; (2) debt is valued at par and, where materially different, debt is also separately valued at market value; (3) diluted NAVs are disclosed where applicable (for this purpose, treasury shares are excluded for the purposes of calculation); and (4) provisions for performance fees are included where applicable.