Issue of Equity

Personal Assets Trust PLC
03 November 2003

To:          RNS

From:          Personal Assets Trust plc

Date:          3 November 2003


Issue of Equity

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


End of month     No of share in issue      Number of new shares   % of capital represented    Inflow of new capital 
                                                issued during the                                                     
                                                         month *                                                      
  October                     605,084                   12,423                       2.10%               £2,574,595 
                                                        12,423                                           £2,574,595 

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

There are 605,084 shares in issue as at 31 October 2003. This gives a market
capitalisation of £125.9m, based on a closing mid-price of £208.00.


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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