Portfolio Update

Rights and Issues Inv Trust PLC
01 June 2007


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                      9,834,750
Hill & Smith Holdings                  Ordinary                      6,278,075
White Young Green                      Ordinary                      5,710,832
HBOS                                   Ordinary                      5,706,750
Colefax Group                          Ordinary                      5,418,000
Low & Bonar                            Ordinary                      4,245,000
VP                                     Ordinary                      3,670,000
Northern Rock                          Ordinary                      3,506,750
Celsis Int'l                           Ordinary                      3,495,000
Thorpe F.W.                            Ordinary                      3,250,000


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

The above information is as at 31st May 2007



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