Transaction in Own Shares

Personal Assets Trust PLC
05 April 2005

Personal Assets Trust plc


To:        Company Announcements
From:      Personal Assets Trust plc
Date:      5 April 2005


PURCHASE OF OWN SECURITIES

On 5 April 2005 Personal Assets Trust plc bought 450 of its own Ordinary Shares
of £12.50 for cancellation at a price of £225.75 each.  There are 675,314 shares
in issue following this repurchase.



G R Hay Smith
Company Secretary


Enquiries:  0131 465 1000




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