Issue of Equity

Personal Assets Trust PLC
15 September 2004

To:                RNS

From:              Personal Assets Trust plc

Date:              15 September 2004



Issue of Equity



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


End of month              No of share in      Number of new shares      % of capital       Inflow of new
                                   issue issued during the month *       represented             capital
August                           648,272                       609             0.09%         £125,646.50
                                                               609                           £125,646.50



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





There are 648,272 shares in issue as at 31 August 2004.  This gives a market
capitalisation of £135.3m, based on a closing mid-price of £208.75.







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
            The company news service from the London Stock Exchange          ELFFZKBEBBX