Portfolio Update

Rights and Issues Inv Trust PLC
04 October 2004


Rights and Issues Investment Trust Plc


In accordance with UKLA Listing Rule 21.20 (l) (ii), the following list
represents the Trust's ten largest investments and where appropriate, any
invesment with a value greater than 5% of the Trust's gross assets:

Name of Company                     Class                                Value

Enterprise Inns                     Ordinary                         4,000,500
HBOS                                Ordinary                         3,940,125
RPS Group                           Ordinary                         3,753,000
Wellington Hldgs                    Ordinary                         3,210,000
White Young Green                   Ordinary                         3,015,833
Dyson                               Ordinary                         2,844,375
Merrydown                           Ordinary                         2,234,050
Litho Supplies                      Ordinary                         1,987,900
Chamberlin &  Hill                  Ordinary                         1,785,000
VP                                  Ordinary                         1,645,000


Of the above Enterprise Inns, HBOS, RPS Group,  Wellington Holdings, White Young
Green and Dyson  and have a market value of greater than 5% of the Trust's gross
assets.


The above information is as at 30th September 2004.


                      This information is provided by RNS
            The company news service from the London Stock Exchange