Rule 21.20(l)(ii) Disclosure

RIT Capital Partners PLC
05 January 2005


STOCK EXCHANGE ANNOUNCEMENT - 5 JANUARY 2005


QUARTERLY RULE 21.20(l)(ii) DISCLOSURE

1. TEN LARGEST INVESTMENTS AS AT 31 DECEMBER 2004

Name                                      Class/description         Value: £m

Shinsei Bank                              Shares                          63.7
Repsol                                    €1 Shares                       22.0
Getty Images                              Common stock                    19.6
PayPoint                                  Ordinary Shares                 19.3
Atticus International Ltd                 Hedge Fund                      18.9
Robin Hood Holdings                       Shares and Loan Notes           15.3
Cycladic Catalyst                         Hedge Fund                      14.6
Economist Newspapers                      Shares                          14.5
iUnits - S&P/TSX Capped Energy index fund Units                           13.0
Power Measurement                         Shares                          12.9


2. INVESTMENTS WITH A VALUE GREATER THAN 5% OF THE COMPANY'S GROSS ASSETS

The Company's investment in Shinsei Bank was valued at £63.7 million at 31
December 2004. This represented more than 5% of the Company's gross assets on
that date. Save for this investment, no other single investment represented more
than 5% by value of the Company's gross assets as at 31 December 2004.


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