Portfolio Update

Rights and Issues Inv Trust PLC
01 May 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        8,646,750
White Young Green                      Ordinary        6,121,498
Hill & Smith Holdings                  Ordinary        6,027,119
HBOS                                   Ordinary        5,680,500
Colefax Group                          Ordinary        5,082,000
Low & Bonar                            Ordinary        4,260,000
VP                                     Ordinary        3,702,500
Northern Rock                          Ordinary        3,497,000
Celsis Int'l                           Ordinary        3,225,000
Thorpe F.W.                            Ordinary        3,025,000



Of the above RPS Group, White Young Green, Hill & Smith Holdings, 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 April 2007




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