Issue of Equity

Personal Assets Trust PLC
01 September 2003

To:          RNS

From:          Personal Assets Trust plc

Date:          1 September 2003





Issue of Equity

In response to requests from shareholders, the board of Personal Assets Trust
plc announces the number of shares issued during August 2003 :-

End of month              No of share in      Number of new shares      % of capital       Inflow of new
                                   issue issued during the month *       represented             capital
August 2003                      589,208                     4,350             0.74%            £878,862
                                                             4,350                              £878,862

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

There are 589,208 shares in issue as at 31 August 2003. This gives a market
capitalisation of £120.9m, based on a closing mid-price of £205.25.

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
            The company news service from the London Stock Exchange                   BE