Issue of Equity

Personal Assets Trust PLC
10 April 2003

To:    RNS

From:  Personal Assets Trust plc

Date:  10 April 2003


Block Listing

Application has been made to the UK Listing Authority and the London Stock
Exchange for a block listing totalling 10,000 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 listing consists of 10,000 shares to be issued under the Company's
Broker Allotment Scheme.

For further information please contact:

Gordon Hay Smith, ISIS Asset Management plc:     0131 465 1000


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