Block Listing Application

Personal Assets Trust PLC
13 August 2002



To:          RNS

From:        Personal Assets Trust plc

Date:        13 August 2002


Block Listing

Application has been made to the UK Listing Authority and the London Stock
Exchange for block listings totalling 150,000 Ordinary shares of £12.50 each to
trade on the London Stock Exchange and to be admitted to the Official List upon
issuance. The shares shall rank pari passu with the existing issued shares of
the Company.

The Block listings consist of 60,000 shares to be issued under the Company's PEP
/ISA Plans, 40,000 shares to be issued under the Company's Investment Plan and
50,000 issued under the Company's Broker Allotment Scheme.

For further information please contact:


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



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