Perpetual Income and Growth Investment Trust plc                

HEADLINE: Issue of Equity

The Board of Perpetual Income and Growth Investment Trust plc (the `Company')
announces that 1,357,905 ordinary shares of 10p each in the Company will be
issued and allotted at a price of 184.5p per ordinary share on 9 July 2009.

The new ordinary shares will rank pari passu with the existing shares and
trading on the London Stock Exchange's main market for listed securities is
expected to commence on 9 July 2009.

Following this issue and allotment the total number of ordinary shares in issue
is 209,762,525.

Philip Jones

for and on behalf of

Invesco Asset Management Limited

9 July 2009