Portfolio Update

Rights and Issues Inv Trust PLC
03 January 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

HBOS                                   Ordinary                      5,205,375
White Young Green                      Ordinary                      4,555,832
RPS Group                              Ordinary                      4,191,750
Hill & Smith Holdings                  Ordinary                      3,278,750
VP                                     Ordinary                      2,450,000
Litho Supplies                         Ordinary                      2,238,800
Colefax Group                          Ordinary                      2,195,550
Chamberlin &  Hill                     Ordinary                      2,180,000
Dyson                                  Ordinary                      2,173,750
LogicaCMG                              Ordinary                      2,124,000


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

The above information is as at 30th Dec 2005.


                      This information is provided by RNS
            The company news service from the London Stock Exchange