Portfolio Update

Rights and Issues Inv Trust PLC
02 November 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                      6,291,000
HBOS                                   Ordinary                      5,706,750
White Young Green                      Ordinary                      4,802,874
Hill & Smith Holdings                  Ordinary                      4,508,837
Colefax Group                          Ordinary                      4,095,000
Low & Bonar                            Ordinary                      3,547,500
VP                                     Ordinary                      2,870,000
Celsis Int'l                           Ordinary                      2,827,500
Thorpe F.W.                            Ordinary                      2,600,000
Northern Rock                          Ordinary                      2,390,000



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


The above information is as at 31st Oct 2006.




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