Director's Interests

RIT Capital Partners PLC
13 January 2006


Director's Interests

Following advice received in respect of personal pension arrangements ahead of
pensions tax reforms due to be implemented from 6 April 2006, Lord Rothschild
and Duncan Budge, directors of RIT Capital Partners plc ('RITCP') have today
exercised Share Appreciation Rights ('SARs') over notional £1 ordinary shares of
RITCP at 934p per share. Such exercises are in accordance with the terms of the
J. Rothschild Capital Management Share Appreciation Rights Plan, and are in
respect of the following SAR grants:

Director        Notional no.   Dates of grant  SAR price SAR Exercise period
                of RITCP ord                    
                shares

Lord Rothschild      587,371   30 March 1999   340.5p    30 Mar 02 - 29 Mar 09
                                       
Lord Rothschild      228,833   22 March 2000   437.0p    22 Mar 03 - 21 Mar 10

Duncan Budge         287,371   30 March 1999   340.5p    30 Mar 02 - 29 Mar 09

Duncan Budge         228,833   22 March 2000   437.0p    22 Mar 03 - 21 Mar 10


SAR grants entitle the holder to the payment of a cash bonus between the third
and tenth anniversaries of the relevant date of grant, calculated by reference
to a notional number of RITCP £1 ordinary shares. The bonus equates to the
increase since the date of grant in the RITCP share price multiplied by the
notional number of shares, net of income tax and National Insurance. RITCP's
liability for these SAR exercise payments has been fully recognised in its net
asset valuation announcements.


Following the above SAR exercises, the outstanding SARs held by Lord Rothschild
and Duncan Budge are as follows:

Director          Notional no.        SAR price      Dates exercisable
                  of RITCP ord.                            
                  shares

Lord Rothschild        262,467        381.0p         26 Mar 06 - 25 Mar 13
                                                           
Lord Rothschild        152,672        786.0p         19 Jul 08 - 18 Jul 15
                                                           
Duncan Budge           262,467        381.0p         26 Mar 06 - 25 Mar 13

Duncan Budge           101,781        786.0p         19 Jul 08 - 18 Jul 15

Lord Rothschild's direct interests in the ordinary shares of RITCP remain as
follows:

20,108,741 shares (12.88% of issued) held beneficially; and
6,708,324 shares (4.30% of issued) held non-beneficially.

Duncan Budge's direct interests in the ordinary shares of RITCP remain as
follows:

45,139 shares (0.03% of issued) held beneficially; and
5,000 shares (0.003% of issued) held non-beneficially.

13 January 2006



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