Portfolio Update

Rights and Issues Inv Trust PLC
03 April 2006


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
investment with a value greater than 5% of the Trust's gross assets:

                                       Class                         Value

HBOS                                   Ordinary                      5,042,625
RPS Group                              Ordinary                      4,853,250
White Young Green                      Ordinary                      4,709,832
Hill & Smith Holdings                  Ordinary                      3,900,188
VP                                     Ordinary                      3,430,000
Celsis Int'l                           Ordinary                      2,580,000
Northern Rock                          Ordinary                      2,368,000
LogicaCMG                              Ordinary                      2,346,000
Thorpe F.W.                            Ordinary                      2,325,000
Colefax Group                          Ordinary                      2,231,250





Of the above HBOS, RPS Group, White Young Green and Hill & Smith Hldgs, have a
market value of greater than 5% of the Trust's gross assets.


The above information is as at 31st Mar 2006.







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