Issue of Equity

Personal Assets Trust PLC
31 October 2005

Personal Assets Trust plc



To:                Company Announcements

From:              Personal Assets Trust plc

Date:              31 October 2005




ISSUE OF EQUITY



On 28 October 2005 Personal Assets Trust plc issued 1,319 of its Ordinary Shares
of £12.50 held in treasury at a price of £237.50 each.  There are 730,832 shares
in issue and 15,434 shares held in treasury following this transaction.




G R Hay Smith
Company Secretary




Enquiries:  0131 465 1000



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