Issue of Equity

Personal Assets Trust PLC
04 February 2003



To:            RNS

From:          Personal Assets Trust plc

Date:          4 February 2003


Issue of Equity

In response to requests from shareholders, the board of Personal Assets Trust
plc announces the number of shares issued per month, over the last 3 months :-

End of month              No of share in      Number of new shares      % of capital       Inflow of new
                                   issue issued during the month *       represented             capital

November 2002                    516,018                    15,300             3.06%          £2,879,113

December 2002                    522,559                     6,541             1.27%          £1,212,733

January 2003                     532,482                     9,923             1.90%          £1,808,835

                                                            31,764                            £5,900,681

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

There are 532,482 shares in issue as at 31st January 2003. This gives a market
capitalisation of £93.8m as at 31st January 2003, based on a closing mid-price
of £176.25

For further details, please contact :-

Steven Budge, Personal Assets Trust plc              0131 465 1160

Gordon Hay Smith, ISIS Asset Management plc          0131 465 1000


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