Portfolio Update

Rights and Issues Inv Trust PLC
01 March 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
invesment with a value greater than 5% of the Trust's gross assets:

Name of Company                        Class                         Value

HBOS                                   Ordinary                      4,352,250
RPS Group                              Ordinary                      4,326,750
Merrydown                              Ordinary                      4,099,850
Dyson                                  Ordinary                      3,644,500
White Young Green                      Ordinary                      3,606,166
Wellington Hldgs                       Ordinary                      3,450,000
Litho Supplies                         Ordinary                      2,702,000
Hill & Smith Holdings                  Ordinary                      2,325,625
Chamberlin &  Hill                     Ordinary                      2,240,000
Thorpe F.W.                            Ordinary                      2,075,000



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


The above information is as at 28th February 2005.







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