Transaction in Own Shares

Personal Assets Trust PLC
22 February 2005

Personal Assets Trust plc



To:                Company Announcements
From:              Personal Assets Trust plc
Date:              22 February 2005

PURCHASE OF OWN SECURITIES

On 22 February 2005 Personal Assets Trust plc bought 2,000 of its own Ordinary
Shares of £12.50 for cancellation at a price of £226.50 each.  There are 674,463
shares in issue following this repurchase.

G R Hay Smith
Company Secretary


Enquiries:  0131 465 1000




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