Issue of Equity

Personal Assets Trust PLC
05 August 2005

To:                   RNS

From:              Personal Assets Trust plc

Date                5 August 2005







Issue of Equity



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


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

July                             723,445                       Nil               Nil                 Nil





There were 723,445 shares in issue as at 31 July 2005.  This gives a market
capitalisation of £172.0m, based on a closing mid-price of £237.75.







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







*The Company bought back 500 of its Ordinary Shares on 8 July 2005 to be held in
treasury.


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