Portfolio Update

Rights and Issues Inv Trust PLC
01 September 2005


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                      4,698,000
HBOS                                   Ordinary                      4,562,250
White Young Green                      Ordinary                      3,907,749
Dyson                                  Ordinary                      3,256,000
Hill & Smith Holdings                  Ordinary                      2,745,000
Chamberlin &  Hill                     Ordinary                      2,500,000
Colefax Group                          Ordinary                      2,177,700
Litho Supplies                         Ordinary                      2,123,000
VP                                     Ordinary                      2,050,000
UCM Group                              Ordinary                      1,875,000



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


The above information is as at 31st August 2005.







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