Issue of Equity

Personal Assets Trust PLC
04 March 2003



To:          RNS

From:          Personal Assets Trust plc

Date:          4 March 2003





Issue of Equity

The board of Personal Assets Trust plc announces the number of shares issued
during February 2003 :-

End of month         No of share in         Number of new shares         % of capital     Inflow of new
                              issue      issued during the month          represented           capital
                                                              *
February 2003               538,501                       6,019                 1.13%        £1,068,227

* These shares have been issued under the company's various block listings.

There are 538,501 shares in issue as at 28th February 2003. This gives a market
capitalisation of £96.5m as at 28th February 2003, based on a closing mid-price
of £179.25.

For further details, please contact :-

Steven Budge, Personal Assets Trust plc               0131 225 9995

Gordon Hay Smith, ISIS Asset Management  plc          0131 465 1000






                      This information is provided by RNS
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