Issue of Equity

Personal Assets Trust PLC
02 August 2004
          

To:       RNS

From:     Personal Assets Trust plc

Date:     2 August 2004

Issue of Equity

The board of Personal Assets Trust plc announces the number of shares issued
during July 2004 :-

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

July               647,663                  890             0.14%    £185,309.00

                                            890                      £185,309.00

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

On 19 July 2004 the Company bought back for cancellation 2,500 ordinary shares

There are 647,663 shares in issue as at 31 July 2004. This gives a market
capitalisation of £132.3m, based on a closing mid-price of £204.25.


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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