Issue of Equity

Personal Assets Trust PLC
21 February 2005

To:                RNS

From:              Personal Assets Trust plc

Date               21 February 2005







Issue of Equity



The board of Personal Assets Trust plc announces the number of shares issued
during January 2005 :-


End of month              No of share in      Number of new shares      % of capital       Inflow of new
                                   issue issued during the month *       represented             capital
January                          675,513                     1,187             0.18%         £268,207.00





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





There are 675,513 shares in issue as at 31 January 2005.  This gives a market
capitalisation of £151.7m, based on a closing mid-price of £224.50.







For further details, please contact :-

Steven Budge, Personal Assets Trust plc                     0131 225 9995

Gordon Hay Smith, F&C Asset Management plc                  0131 465 1000








                      This information is provided by RNS
            The company news service from the London Stock Exchange