Holding(s) in Company

Rights and Issues Inv Trust PLC
20 September 2004


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

RIGHTS AND ISSUES INVESTMENT TRUST PLC


2. Name of shareholder having a major interest

DISCRETIONARY UNIT FUND


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

W.R.T. THE ABOVE


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them



5. Number of shares / amount of stock acquired

10,000


6. Percentage of issued class

0.61%


7. Number of shares / amount of stock disposed


8. Percentage of issued class


9. Class of security

25P CAPITAL SHARES


10. Date of transaction



20 September 2004



11. Date company informed

20 September 2004


12. Total holding following this notification

135,000


13. Total percentage holding of issued class following this notification

8.23%


14. Any additional information


15. Name of contact and telephone number for queries

Nari Ghandhi
0207-415-4130


16. Name and signature of authorised company official responsible for making
this notification

AS ABOVE


Date of notification

20 September 2004


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