Holding(s) in Company

Rights and Issues Inv Trust PLC
31 May 2002



DEALINGS BY SUBSTANTIAL SHAREHOLDERS



1) NAME OF COMPANY

RIGHTS AND ISSUES INVESTMENT TRUST PLC

2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

GERRARD LTD

3) Please state whether notification indicates that it is in respect of

holding of the Shareholder named in 2 above or in respect of a

non-beneficial interest or in the case of an individual holder if it is a

holding of that person's spouse or children under the age of 18

AGGREGATE DISCLOSURE POSITION MADE BY  GERRARD LTD.

4) Name of the registered holder(s) and, if more than one holder, the

number of shares held by each of them.

GERRARD LTD RCI NOMINEE                       321776

GERRARD LTD GPI NOMINEE                        17656

GERRARD LTD GMI NOMINEE                        19000

GERRARD LTD SAI NOMINEE                        14105

GERRARD LTD AK1 NOMINEE                         7250

GERRARD LTD HELD BY CLIENTS                    60065



5) Number of shares/amount of stock acquired.



6) (%) of issued Class



7) Number of shares/amount of stock disposed



8) ( %) of issued Class



9) Class of security

INCOME SHARES OF 25P EACH



10) Date of transaction





11) Date company informed

30.05.02



12) Total holding following this notification

439,852

13) Total percentage holding of issued class following this notification

17.88%

14) Any additional information

 The holiding of Capital shares is 25.79%



15) Name of contact and telephone number for queries

NARI GHANDHI 020-7415-4130

16) Name and signature of authorised company official responsible for

making this notification

NARI GHANDHI                                 (FOR THE COMPANY SECRETARY)

Date of Notification .....31 May 2002.............





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