Issue of Equity

Personal Assets Trust PLC
21 October 2005

Personal Assets Trust plc

To:                Company Announcements
From:              Personal Assets Trust plc
Date:              21 October 2005


ISSUE OF EQUITY

On 21 October 2005 Personal Assets Trust plc issued 847 of its Ordinary Shares
of £12.50 held in treasury at a price of £235.00 each.  There are 729,513 shares
in issue and 16,753 shares held in treasury following this transaction.

G R Hay Smith
Company Secretary


Enquiries:  0131 465 1000




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