15.5.1 Model Code Exemption

Midas Income & Growth Trust PLC
07 November 2007

6 November 2007


MIDAS INCOME & GROWTH TRUST PLC ('the Company')


Midas Income & Growth Trust PLC announces that it is satisfied, by virtue of the
points listed below, that all inside information which the Directors and the
Company may have in the period leading up to this announcement, has been
notified to a Regulated Information Service ('RIS') and that the Company is
thereby exempted from the provisions of the Model Code in relation to close
periods for any dealings by persons discharging managerial responsibilities in
the Company and any purchases by the Company of its own securities.


In so stating the Company has regard to;


1)   the announcement on 2 November 2007 of the Net Asset Value per share as
     of the close of business on 1 November 2007,

2)   the Company's belief, following reasonable enquiries, that there will be
     no material difference between the Net Asset Value information published on 
     2 November 2007 and that to be included in the forthcoming Half-Yearly 
     Financial Report,

3)   the Company's practice of calculating Net Asset Values per share at the
     end of each month and the announcement of these Net Asset Values to an RIS; 
     and

4)   there being no other unpublished information which constitutes price
     sensitive information in respect of the Company's securities.





This announcement is issued pursuant to paragraph 15.5.1 of the FSA Listing
Rules as amended with effect from 28 September 2007.








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