Portfolio Update

Rights and Issues Inv Trust PLC
02 July 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                      9,463,500
Hill & Smith Holdings                  Ordinary                      6,110,771
White Young Green                      Ordinary                      5,774,999
HBOS                                   Ordinary                      5,168,625
Colefax Group                          Ordinary                      5,082,000
Low & Bonar                            Ordinary                      4,230,000
VP                                     Ordinary                      3,702,500
Celsis Int'l                           Ordinary                      3,375,000
Thorpe F.W.                            Ordinary                      3,100,000
Dyson                                  Ordinary                      2,970,000


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

The above information is as at 30th June 2007




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