Issue of Equity

Personal Assets Trust PLC
11 June 2004

To:   RNS

From: Personal Assets Trust plc

Date: 11 June 2004



Issue of Equity

The board of Personal Assets Trust plc announces the number of shares issued
during May 2004 :-


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

 
May              644,678                 3,425             0.53%      £725,495

                                         3,425                        £725,495

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

There are 644,678 shares in issue as at 31 May 2004. This gives a market
capitalisation of £136.7m, based on a closing mid-price of £212.00.





For further details, please contact :-

Steven Budge, Personal Assets Trust plc               0131 225 9995

Gordon Hay Smith, ISIS Asset Management plc           0131 465 1000






                      This information is provided by RNS
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