Issue of Equity

Personal Assets Trust PLC
05 April 2005

To:                RNS
From:              Personal Assets Trust plc
Date               5 April 2005


Issue of Equity

The board of Personal Assets Trust plc announces the number of shares issued
during March 2005 :-

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

March                            675,764                       599             0.09%         £138,818.25

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

There are 675,764 shares in issue as at 31 March 2005.  This gives a market
capitalisation of £152.6m, based on a closing mid-price of £225.75.

For further details, please contact :-

Steven Budge, Personal Assets Trust plc                     0131 225 9995

Gordon Hay Smith, F&C Asset Management plc                  0131 465 1000








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