Issue of Equity

Personal Assets Trust PLC
12 May 2004

          
To:       RNS

From:     Personal Assets Trust plc

Date:     12 May 2004


Issue of Equity

The board of Personal Assets Trust plc announces the number of shares issued
during April 2004 :-
                                    Number of new     
End of month     No of share        shares issued     % of capital     Inflow of 
                    in issue   during the month *      represented   new capital

April                641,253                2,789            0.44%      £597,004
                                            2,789                       £597,004

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

There are 641,253 shares in issue as at 30 April 2004. This gives a market
capitalisation of £137.5m, based on a closing mid-price of £214.50.


For further details, please contact :-

Steven Budge, Personal Assets Trust plc              0131 225 9995

Gordon Hay Smith, ISIS Asset Management plc          0131 465 1000




                      This information is provided by RNS
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