Portfolio Update

Rights and Issues Inv Trust PLC
02 May 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                 5,319,000
HBOS                              Ordinary                 5,053,125
White Young Green                 Ordinary                 4,427,499
Hill & Smith Holdings             Ordinary                 3,972,625
VP                                Ordinary                 3,300,000
Colefax Group                     Ordinary                 2,802,450
Celsis Int'l                      Ordinary                 2,670,000
Litho Supplies                    Ordinary                 2,238,800
LogicaCMG                         Ordinary                 2,148,000
Chamberlin &  Hill                Ordinary                 2,130,000





Of the above RPS Group, HBOS, White Young Green 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 April 2006.







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