Net Asset Value(s)

RIGHTS AND ISSUES INVESTMENT TRUST PLC

Net Asset Value

At the 31 March 2016 the unaudited net asset value of the shares in Rights and Issues Investment Trust Plc were:

25p Capital Shares:  6,447.95p           (6,185.02p at  29 February 2016)

25p Income Shares:  1,530.83p          (1,489.97p at  29 February 2016)

NB:  The above asset value of the capital shares does not include the supplementary capital dividend of 26.4825p payable on 3 January 2017.

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	17,120,000	Yes
RPC Group Plc	Ordinary 5p	13,671,000	Yes
Hill & Smith Holdings Plc	Ordinary 25p	12,951,097	Yes
Vp Plc	Ordinary 5p	11,880,000	Yes
Macfarlane Group Plc	Ordinary 25p	10,775,062	Yes
Treatt Plc	Ordinary 2p	9,933,000	Yes
Colefax Group Plc	Ordinary 10p	9,532,500	Yes
British Polythene Industries Plc	Ordinary 25p	5,312,059	No
Brammer Plc	Ordinary 20p	4,698,000	No
Spirax-Sarco Engineering Plc	Ordinary 26.9321p	4,392,782	No

The above information is as at 31 March 2016.

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

Maitland Administration Services Limited*  -  Corporate Secretary

Telephone: [phone]

12 April 2016

*formerly Phoenix Administration Services Limited