Portfolio Update

Rights and Issues Inv Trust PLC
03 April 2007




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

RPS Group                              Ordinary                      8,775,000
Hill & Smith Holdings                  Ordinary                      5,771,981
White Young Green                      Ordinary                      5,582,499
HBOS                                   Ordinary                      5,491,500
Colefax Group                          Ordinary                      4,326,000
Low & Bonar                            Ordinary                      4,200,000
Northern Rock                          Ordinary                      3,721,250
VP                                     Ordinary                      3,512,500
Celsis Int'l                           Ordinary                      3,330,000
Thorpe F.W.                            Ordinary                      3,125,000



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


The above information is as at 30th March 2007




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