Holding in Company

Rights and Issues Inv Trust PLC
20 August 2001


DEALINGS BY SUBSTANTIAL SHAREHOLDERS



1) NAME OF COMPANY

RIGHTS AND ISSUES INVESTMENT TRUST PLC

2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

OLD MUTUAL PLC

3) Please state whether notification indicates that it is in respect of

holding of the Shareholder named in 2 above or in respect of a

non-beneficial interest or in the case of an individual holder if it is a

holding of that person's spouse or children under the age of 18

AGGREGATE DISCLOSURE POSITION MADE BY OLD MUTUAL PLC AS A FINANCIAL SERVICES

HOLDING COMPANY

4) Name of the registered holder(s) and, if more than one holder, the

number of shares held by each of them.

GERRARD LTD RCI NOMINEE         219011

GERRARD LTD GPI NOMINEE          29645

GERRARD LTD GMI NOMINEE           6000

GERRARD LTD SAI NOMINEE          17855

GERRARD LTD HELD BY CLIENTS      19051

CAPEL CURE

SHARP LTD CCM NOMINEES LTD     2010

5) Number of shares/amount of stock acquired.

293602

6) (11.94%) of issued Class



7) Number of shares/amount of stock disposed



8) ( %) of issued Class



9) Class of security

INCOME SHARES OF 25P EACH



10) Date of transaction

17.08.01



11) Date company informed

20.08.01



12) Total holding following this notification

293,602

13) Total percentage holding of issued class following this notification

11.94%

14) Any additional information





15) Name of contact and telephone number for queries

NARI GHANDHI 020-7377-8819

16) Name and signature of authorised company official responsible for

making this notification

NARI GHANDHI           (FOR THE COMPANY SECRETARY)

Date of Notification .....20.08.2001.............