Portfolio Update

Rights and Issues Inv Trust PLC
01 August 2006


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                      6,021,000
HBOS                                   Ordinary                      5,116,125
White Young Green                      Ordinary                      4,491,666
Colefax Group                          Ordinary                      3,948,000
Hill & Smith Holdings                  Ordinary                      3,660,000
VP                                     Ordinary                      2,680,000
Celsis Int'l                           Ordinary                      2,505,000
Thorpe F.W.                            Ordinary                      2,400,000
Litho Supplies                         Ordinary                      2,393,200
Low & Bonar                            Ordinary                      2,300,000





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


The above information is as at 30th July 2006.




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