Issue of Equity

Personal Assets Trust PLC
28 November 2002

To:            RNS

From:          Personal Assets Trust plc

Date:          28 November 2002





Issue of Equity

In response to requests from shareholders, the board of Personal Assets Trust
plc announces the number of shares issued per month, over the last 12 months :-

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

November 2001                            408,923                     4,337               1.07%            £905,776
December 2001                            431,959                    23,036               5.63%          £4,686,470
January 2002                             435,480                     3,521               0.82%            £719,396
February 2002                            440,984                     5,504               1.26%          £1,125,938
March 2002                               445,989                     5,005               1.13%          £1,038,076
April 2002                               454,472                     8,483               1.90%          £1,759,039
May 2002                                 460,777                     6,305               1.39%          £1,310,446
June 2002                                467,260                     6,483               1.41%          £1,303,096
July 2002                                473,743                     6,483               1.39%          £1,261,552
August 2002                              479,542                     5,799               1.22%          £1,158,804
September 2002                           490,571                    11,029               2.30%          £2,101,757
October 2002                             500,718                    10,147               2.07%          £1,906,256
                                                                    96,132                             £19,276,606

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

Since the end of October 2002, the company has issued a further 14,933 shares.
There are now 515,651 shares in issue as at 27th October 2002. This gives a
market capitalisation of £98.6m as at 27th October 2002, based on a closing
mid-price of £191.25

For further details, please contact :-

Steven Budge, Personal Assets Trust                   0131 465 1160

Gordon Hay Smith, ISIS Asset Management               0131 465 1018






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