Portfolio Update

Midas Income & Growth Trust PLC
02 August 2007


                        MIDAS INCOME & GROWTH TRUST PLC

                             10 LARGEST INVESTMENTS


The company announces that the ten largest investments as at close of business
on 31 July 2007 were as follows:


           Assets With Values Over 5% of Gross Assets
NAME                                                                              Market Value % Ttl Gross Assets
BARCLAYS BANK (CONSOLIDATED)                                                         5,815,164               7.02


Top 10 Portfolio Assets
NAME                                                                              Market Value % Ttl Gross Assets
BARCLAYS BANK (CONSOLIDATED)                                                         5,815,164               7.02
MERRILL LYNCH COMMODITIES ORD GBP0.01 (CONSOLIDATED)                                 2,394,375               2.89
HAREWOOD STRUCTURED INV UNITS GBP (CONSOLIDATED)                                     2,209,925               2.67
SPECIALIST INVESTMENT M&G LEVERAGED EURO LOAN 'D' INC GBP                            2,140,310               2.58
ABERDEEN ASIAN INCOME ORD GBP  (CONSOLIDATED)                                        2,019,500               2.44
ZENITH INV EUROPEAN INCOME INST B  (CONSOLIDATED)                                    2,000,500               2.42
BELL AJ GBP0.10                                                                      2,000,000               2.42
HBOS (CONSOLIDATED)                                                                  1,985,650               2.40
CF RUFFER INV FUNDS BAKER STEEL GOLD FUND ACC                                        1,893,430               2.29
EUROPEAN ASSET TRUST NV EUR0.46 (REGD)                                               1,814,750               2.19



END


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