Net Asset Value(s)

RIGHTS AND ISSUES INVESTMENT TRUST PLC

Net Asset Value

At the 31st May 2015 the unaudited net asset value of the shares in Rights and
Issues Investment Trust Plc were:

25p Capital Shares:  6,109.79p                       (5,863.32p at the 30th
April 2015)

25p Income Shares:  1,473.54p                      (1,403.58p at the 30th April
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           19,859,625        Yes       
                                                                               
RPC Group Plc                Ordinary 5p           13,292,496        Yes       
                                                                               
Vp Plc                       Ordinary 5p           12,240,000        Yes       
                                                                               
Hill & Smith Holdings Plc    Ordinary 25p          10,082,637        Yes       
                                                                               
Colefax Group Plc            Ordinary 10p           8,815,000        Yes       
                                                                               
Treatt Plc                   Ordinary 2p            8,662,500        Yes       
                                                                               
Brammer Plc                  Ordinary 20p           8,275,500        Yes       
                                                                               
Macfarlane Group Plc         Ordinary 25p           6,856,857        Yes       
                                                                               
Renold Plc                   Ordinary 5p            6,529,600        No        
                                                                               
British Polythene Industries Ordinary 25p           5,285,307        No        
Plc                                                                            
                                                                               

The above information is as at 31st May 2015.

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

George Bayer

Phoenix Administration Services Limited

Telephone: [phone]

2nd June 2015