Director Shareholding

RIT Capital Partners PLC
14 June 2005


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

RIT Capital Partners plc

2. Name of director

D W A Budge

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

Beneficial holding of director named in 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

D W A Budge

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

N/A

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

Partial exercise of rights granted on 31 March 1999 at 340.5p under the
Company's Share Appreciation Rights ('SAR') plan

7. Number of shares / amount of stock acquired

0

8. Percentage of issued class

0

9. Number of shares/amount of stock disposed

300,000

10. Percentage of issued class

not applicable

11. Class of security

SARs over ordinary £1 shares

12. Price per share

758p

13. Date of transaction

14 June 2005

14. Date company informed

14 June 2005

15. Total holding following this notification

45,139 ordinary shares (beneficial)
5,000 ordinary shares (non-beneficial)

287,371 SARs exercisable @ 340.5p
228,833 SARs exercisable @ 437.0p
262,467 SARs exercisable @ 381.0p

16. Total percentage holding of issued class following this notification

Ordinary shares:
Beneficial - 0.03
Non-beneficial - 0.00
SARs - not applicable

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant


18. Period during which or date on which exercisable


19. Total amount paid (if any) for grant of the option


20. Description of shares or debentures involved: class, number


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise


22. Total number of shares or debentures over which options held following this
notification


23. Any additional information


24. Name of contact and telephone number for queries

C J Wise - 020 7514 1944

25. Name and signature of authorised company official responsible for making
this notification

C J Wise - Director of corporate company secretary

Date of Notification

14 June 2005




                      This information is provided by RNS
            The company news service from the London Stock Exchange