Net Asset Value(s)

RIGHTS AND ISSUES INVESTMENT TRUST PLC

Net Asset Value

At the 30th April 2015 the unaudited net asset value of the shares in Rights
and Issues Investment Trust Plc were:

25p Capital Shares: 5,863.32p (5,689.89p at the 31st March 2015)

25p Income Shares: 1,403.58p (1,360.88p at the 31st March 2015)

The following list represents the Trust's ten largest investments and where
appropriate, any investment with a value greater than 5% of the Trust's gross
assets:

                             Class                 Value £      Holding greater  
                                                                than 5% of Gross 
                                                                Assets           
                                                                                
Scapa Group Plc              Ordinary 5p           17,097,000        Yes       
                                                                               
RPC Group Plc                Ordinary 5p           13,021,663        Yes       
                                                                               
Vp Plc                       Ordinary 5p           11,745,000        Yes       
                                                                               
Brammer Plc                  Ordinary 20p          10,253,250        Yes       
                                                                               
Hill & Smith Holdings Plc    Ordinary 25p           9,896,187        Yes       
                                                                               
Colefax Group Plc            Ordinary 10p           8,200,000        Yes       
                                                                               
Treatt Plc                   Ordinary 2p            8,142,750        Yes       
                                                                               
Macfarlane Group Plc         Ordinary 25p           7,020,116        Yes       
                                                                               
British Polythene Industries Ordinary 25p           5,277,664        No        
Plc                                                                            
                                                                               
Renold Plc                   Ordinary 5p            5,257,600        No        

The above information is as at 30th April 2015.


Submitted on behalf of Rights and Issues Investment Trust plc by:

George Bayer
Phoenix Administration Services Limited
Telephone: [phone]

6th May 2015