Portfolio Update

Rights and Issues Inv Trust PLC
06 June 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                      5,528,250
HBOS                                   Ordinary                      4,801,125
White Young Green                      Ordinary                      4,748,332
Hill & Smith Holdings                  Ordinary                      3,663,813
VP                                     Ordinary                      3,015,000
Celsis Int'l                           Ordinary                      2,805,000
Low & Bonar                            Ordinary                      2,665,000
Colefax Group                          Ordinary                      2,623,950
Chamberlin &  Hill                     Ordinary                      2,080,000
LogicaCMG                              Ordinary                      2,067,000



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 31st May 2006.







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