Portfolio Update

Rights and Issues Inv Trust PLC
02 July 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:

Enterprise Inns                Ordinary                    4,018,000
HBOS                           Ordinary                    3,588,375
RPS Group                      Ordinary                    3,510,000
Dyson                          Ordinary                    2,775,000
White Young Green              Ordinary                    2,579,499
Wellington Hldgs               Ordinary                    2,550,000
Merrydown                      Ordinary                    2,221,775
Colefax Group                  Ordinary                    2,131,500
Litho Supplies                 Ordinary                    1,949,300
Chamberlin &  Hill             Ordinary                    1,635,000


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


The above information is as at 30th June 2004.





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