Issue of Equity

Personal Assets Trust PLC
01 March 2004

To:          RNS

From:          Personal Assets Trust plc

Date:          1 March 2004





Issue of Equity

In response to requests from shareholders, the board of Personal Assets Trust
plc announces the number of shares issued during February 2004 :-


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

  February              628,810        3,352              0.54%        £701,437 
 
                                       3,352                           £701,437 




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

There are 628,810 shares in issue as at 29 February 2004. This gives a market
capitalisation of £132.8m, based on a closing mid-price of £211.25.





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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