Issue of Equity

Personal Assets Trust PLC
10 October 2003

To:          RNS

From:        Personal Assets Trust plc

Date:        10 October 2003





Issue of Equity

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

End of month              No of share in      Number of new shares      % of capital       Inflow of new
                                   issue             issued during       represented             capital
                                                       the month *

September                        592,661                     3,453             0.59%            £706,531
                                                             3,453                              £706,531

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

There are 592,661 shares in issue as at 30 September 2003. This gives a market
capitalisation of £120.0m, based on a closing mid-price of £202.50.




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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