Interim Management Statement

RIT Capital Partners PLC
05 July 2007


                            RIT CAPITAL PARTNERS PLC


           Interim Management Statement - 3 months ended 30 June 2007


RIT Capital Partners is a self-managed investment trust whose corporate
objective is 'to deliver long-term capital growth, while preserving
shareholders' capital; to invest without the constraints of a formal benchmark,
but to deliver for shareholders increases in capital value in excess of the
relevant indices over time.'


Its policy is 'to invest in a widely diversified, international portfolio across
a range of asset classes, both quoted and unquoted; to allocate part of the
portfolio to exceptional managers in order to ensure access to the best external
talent available.'


This statement is released to comply with Disclosure and Transparency Rule 4.3
of the Financial Services Authority, and covers the period from the beginning of
the Company's current financial year on 1 April 2007 to 30 June 2007. It is
divided into two sections, the first being a summary of the material events and
transactions during the period and subsequently to the date of publication of
this statement. The second section is a general description of the financial
performance of the Company in the quarter to 30 June 2007.


1. Material events and transactions during the period and subsequently


   •Activation of a new €22.5 million account managed by Uttrup Investment
    Management investing throughout Europe with a Scandinavian bias.
   •Activation of a new US$30 million account managed by PAW Capital Partners
    LP investing in high technology companies based in the United States.
   •Borrowing of £150 million from National Australia Bank on a three year
    fixed basis, fully drawn, 50% in US Dollars and 50% in Japanese Yen at fixed
    interest rates of 5.59% and 1.745% per annum respectively.
   •Commitment of US$50 million to a retail property investment fund in
    India.
   •Announcement of the Company's results for the financial year ended 31
    March 2007, final dividend and the date of the Company's Annual General
    Meeting to be held on 19 July 2007.
   •As announced on 28 June 2007, Christopher Hohn has served notice of his
    resignation as a director of the Company, with effect from 19 July 2007.
   •The Company has repurchased 1,141,585 ordinary shares for cancellation.


2. Financial performance during the period


The financial performance of the Company may be assessed by reference to some or
all of the following comparatives:



                                     31 March 2007      30 June 2007     Change
Net Asset Value (NAV) per share            1,047.3p          1,114.8p     +6.4%
Share price                                1,000.0p          1,024.0p     +2.4%
Share price discount to NAV                    4.5%              8.1%      n/a
Morgan Stanley Capital International
Index (in £)                                                              +3.5%
FTSE All-Share Index                                                      +3.7%
Investment Trust Net Assets Index                                         +3.8%






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