Portfolio Update

Rights and Issues Inv Trust PLC
04 January 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                 7,290,000
HBOS                      Ordinary                 5,943,000
White Young Green         Ordinary                 5,839,165
Hill & Smith Holdings     Ordinary                 4,513,020
Colefax Group             Ordinary                 4,242,000
Low & Bonar               Ordinary                 3,847,500
Northern Rock             Ordinary                 3,815,500
Celsis Int'l              Ordinary                 3,225,000
VP                        Ordinary                 3,130,000
Thorpe F.W.               Ordinary                 2,750,000



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


The above information is as at 29th Dec 2006.




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