Additional Listing

Personal Assets Trust PLC
3 January 2002

Personal Assets Trust plc

To:     Company Announcements Office

Date:   3 January 2002


Allotment of Shares

The Company announces that on 28 December 2001 it allotted and issued 2,000
new ordinary shares of £12.50 each under an issue for cash at a price of £
204.00 per share.


The new shares increase the issued share capital on 28 December 2001 to
431,959 ordinary shares.


An application for admission to listing has been made today in respect of the
2,000 new ordinary shares.


For further information please contact:


Gordon Hay Smith, Friends Ivory & Sime plc :   0131 465 1000