Issue of Equity

Personal Assets Trust PLC
03 June 2005

To:            RNS
From:          Personal Assets Trust plc
Date           3 June 2005


Issue of Equity


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


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

May                     680,386           3,201                    0.47%         £731,024.75


   * These shares were issued under the Company's various block listings


There were 680,386 shares in issue as at 31 May 2005.  This gives a market
capitalisation of £156.6m, based on a closing mid-price of £230.22


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




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