Statement re Discount Control

BlackRock Income & Growth Investment Trust plc

Following the appointment of BlackRock Investment Management (UK) Limited
("BlackRock") as the Company's investment manager last year, the Board has
decided to use its share buyback powers with the objective of ensuring that the
Company's share price trades at or around NAV in normal market conditions.  Any
shares repurchased by the Company will be held in treasury, and may
subsequently be reissued to satisfy market demand. The Board's current policy
of not buying shares to hold in treasury at a discount of less than 4% will be
amended to enable the Company to buy at any discount to estimated net asset
value, including discounts of less than 4%. Any re-issue of treasury shares
will only be at a premium to the estimated NAV at the time of issue.

Jonathan Cartwright, the Company's Chairman, said "The Board and BlackRock are
committed to building the Company to deliver both capital and dividend growth
for shareholders over the long term. This policy was underlined by the Board's
recent proposal to increase the final dividend for 2012, the first increase for
three years.  The revised buyback policy should prove attractive to new
shareholders and provide reassurance to existing investors who should see an
improvement in liquidity in the Company's stock." 

Nick McLeod-Clarke, who jointly manages the Company's portfolio alongside Adam
Avigdori, added: "We were delighted to have been appointed to manage an
investment trust portfolio in the UK Growth and Income sector. The UK closed
end fund structure is ideally suited to provide shareholders with sustainable
growth in income, given the flexibility to smooth payouts through use of
reserves and the option to employ gearing. Our approach to portfolio
construction is to blend higher yielding shares with those which have the
potential for significant capital growth. This approach is enhanced by the
ability to employ modest levels of gearing, when potential returns on
investment exceed financing costs."

Contact details:

Simon White, Head of Investment Trusts, 
BlackRock Investment Management (UK) Limited - Tel: [phone]
OR
William Simmonds or Edward Gibson-Watt, Corporate Broker,
JPMorgan Cazenove Limited - Tel: [phone]

29 January 2013