Interim Management Statement

To the members of BlackRock Income and Growth Investment Trust plc

This interim management statement has been produced solely to provide
information to shareholders as a body to meet the relevant requirements of the
UK Listing Authority's Disclosure and Transparency Rules. It should not be
relied on by any other party for any other reason.

This interim management statement relates to the period from 1 May 2014 to 31
July 2014, and contains information that covers this period, and up to the date
of publication of this interim management statement.

The Company's objective is to provide growth in capital and income over the
long term through investment in a diversified portfolio of principally UK
listed equities.

Stock Performance

Cumulative Performance (% with income reinvested) to 31 July 2014:

                              One    Three      One     Since    Three     Five
                            Month   Months     Year   1 April    Years    Years
                                                         2012                  
                                                                               
Share price                  0.7%     2.1%     7.0%     38.0%    37.3%    88.3%
Net asset value              0.2%     1.5%     8.0%     28.5%    29.3%    84.5%
FTSE All-Share Total Return -0.3%    -0.2%     5.6%     29.5%    31.7%    80.7%
                                                                         

Sources: BlackRock and Datastream

BlackRock took over the investment management of the Company with effect from 1
April 2012.

Financial position and performance (including income) as at 31 July 2014 
(unaudited)

Total assets (including income) (£m)                 47.3m
Short term borrowings (£m)                            2.0m
Net asset value per share (capital only)           167.66p
Net asset value per share (cum income)*            169.61p
Share price                                        166.50p
Ordinary shares in issue***                     26,679,268
Gearing range^                                       0-20%
Net yield**                                           3.4%
Discount to cum income NAV                            1.8%
Ongoing charges****                                   1.1%

* includes net revenue of 1.95 pence per share

** based on the final dividend of 3.50 pence per share in respect of the year
ended 31 October 2013 and an interim dividend of 2.20 pence in respect of the
year ending 31 October 2014

*** excludes 6,254,664 ordinary shares held in treasury

^ gearing is calculated using debt at par, less cash and cash equivalents as
a percentage of net assets

**** Calculated as a percentage of average net assets and using expenses,
excluding performance fees and interest costs for the year ended 31 October
2013

Material Events & Transactions

Material events or transactions, during the three months to 31 July 2014 and
from 1 August 2014 to the date of the publication of this report are set out
below. The Company was not involved in any material transactions during the
period other than the purchase and sale of securities undertaken in the normal
course of its business.

Interim dividend

The interim dividend in respect of the period ended 30 April 2014 of 2.20 pence
per share was declared on 25 June 2014 and will be paid to shareholders on the 
register at the close of business on 4 July 2014 (ex-dividend date was 2 July 2014) 
on 5 September 2014.

Financial report

The Company announced its half yearly financial results for the period ended 30
April 2014 on 25 June 2014.

Management arrangements

From 1 July 2014, the Company pays a management fee of 0.60% per annum of the
Company's market capitalisation and the management fee payable in respect of a
financial period is capped at no more than 0.60% of the NAV of the Company. A
performance related fee is no longer charged.

Purchase of shares

260,000 ordinary shares in the Company were purchased and placed in treasury
for a total consideration of £435,000 (excluding costs) on 19 May 2014.

Alternative Investment Fund Managers Directive ("AIFMD")

On 2 July 2014 the Company announced that with immediate effect it had entered
into arrangements necessary to ensure compliance with the AIFMD.

The Company's board of Directors ("the Board") approved the appointment of
BlackRock Fund Managers Ltd ("BFM") as the Company's alternative investment
fund manager (the "AIFM") on the terms of and subject to the conditions of a
new investment management agreement between the Company and BFM. BFM was
approved as an AIFM by the UK's Financial Conduct Authority on 1 May 2014. The
Company's existing investment management agreement between the Company and
BlackRock Investment Management (UK) Limited ("BIMUK"), which is not authorised
as an AIFM, has been terminated.

The Board appointed BNY Mellon Trust & Depositary (UK) Limited (the
"Depositary") to act as the Company's depositary (as required by the AIFMD) on
the terms and subject to the conditions of a depositary agreement between the
Company, BFM and the Depositary.

BIMUK continues to act as company secretary to the Company and as the Company's
Investment Manager under a delegation agreement with BFM.

Change in NAV and Share Price

For the period 1 August 2014 to 14 August 2014 the Company's NAV rose by
0.3% and the share price fell by 1.1% (all percentages with income reinvested). 

The Board is not aware of any other material events or transactions, except as
disclosed herein, occurring between 1 August 2014 and the date of publication
of this interim management statement which would have a material impact on the
financial position of the Company.

Contact details:

Kerry Higgins
BlackRock Investment Management (UK) Limited
Company Secretary

Tel: [phone]

15 August 2014

Please note that more detailed performance information is available on the
Investment Manager's website: www.blackrock.co.uk/brig. Neither the contents of
the Manager's website nor the contents of any website accessible from
hyperlinks on the Manager's website (or any other website) is incorporated
into, or forms part of, this announcement.

Interim Management Statement - 3 months to 31 July 2014